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You are considering to buy stocks of a new firm NNN . The firm just paid dividends $ 1 per share. The dividend payment is
You are considering to buy stocks of a new firm NNN The firm just paid dividends $ per share. The dividend payment is expected to increase by in the first year, in the following two years, afterwards forever. Your required return is What is the maximum price you are willing to pay?
Answer format: keep digit after decimal point. eg
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