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Village east expects to pay an annual dividend of $1.40 per share next year and skip dividends for the following two years. After that, the
Village east expects to pay an annual dividend of $1.40 per share next year and skip dividends for the following two years. After that, the company plans to pay a constant dividend of $3 from year 4 annually forever. What is this stock's current value at a discount rate of 10 percent?
A.) $21.81
B.) $22.81
C.) $23.81
D.) $24.81
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