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Victoria Company does not currently pay any dividend; you expect this company to begin paying $3.00 dividend per share in year 7 and the dividend

Victoria Company does not currently pay any dividend; you expect this company to begin paying $3.00 dividend per share in year 7 and the dividend is expected to grow at 5 % for ever. If the required rate of return for Victoria Company is 8 %, what is the intrinsic (Fundamental) value of this company?

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