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you are considering investing in a new technology company. it presently does not pay a dividend, but you think it will pay a $10 annual

you are considering investing in a new technology company. it presently does not pay a dividend, but you think it will pay a $10 annual dividend 5 years from now and the dividentd will grow 4% annually thereafter. If you require a 20% return, what is the most you would pay for 1 share of this stock

the answer is $30.14, but how do you get that??

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