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You find a stock that currently doesnt pay a dividend but has announced that it will begin paying a dividend in seven years. Afterward the
You find a stock that currently doesnt pay a dividend but has announced that it will begin paying a dividend in seven years. Afterward the dividend is expected to grow at 8%. You believe the initial dividend will be $5 and require a return of 16.4%. What is the most you would be willing to pay for the stock?
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