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You own shares of ON stock which is expected to pay its first dividend 5 years from today in the amount of $4 per share.
You own shares of ON stock which is expected to pay its first dividend 5 years from today in the amount of $4 per share. Over the next year (the 6th year), the dividend will grow by 20% after which the growth rate would be a constant rate of 2% per year, forever. The appropriate discount rate for ON's stock is 12% Given the information above, what should a share of ON sell for today
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