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Triple G Inc. has encountered financial difficulties. The company projects that it will have enough cash flow to continue paying its current dividend for 7
Triple G Inc. has encountered financial difficulties. The company projects that it will have enough cash flow to continue paying its current dividend for 7 more years before it must stop paying a dividend altogether. The company just paid a dividend of $14.56, and it will continue to pay the same dividend for the next 7 years. After that, the company will never pay another dividend. What is the value of the stock if the discount rate is 13%?
$112.00
$64.39
$43.32
$69.39
$101.92
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