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When a company is growing it will pay a dividend of $6.00 per share next year. The required rate of return on the stock is

When a company is growing it will pay a dividend of $6.00 per share next year. The required rate of return on the stock is 15% and the growth rate is 10% per year.

If it did not grow then it will pay $12.00 dividend next year and required rate of return is 15%, calculate the present value of growth opportunities for the stock

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