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Volter Inc., is a start-up company. No dividends will be paid on the stock over the next 7 years because the firm needs to plow
Volter Inc., is a start-up company. No dividends will be paid on the stock over the next 7 years because the firm needs to plow back its earnings to fuel growth. The company will pay a $10.17 per share dividend in 8 years and will increase the dividend by 0.07 per year thereafter. If the required return on this stock is 0.13, what is the current share price?
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