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Zuffa Industries is planning its first dividend of $1.80 per share one year from now. For the following two years, the dividend is projected to
Zuffa Industries is planning its first dividend of $1.80 per share one year from now. For the following two years, the dividend is projected to increase by 8% and then it will grow a ta constant rate of 4%, forever. If the required rate of return (discount rate) on Zuffa's stock is 15%, what should be the price of the stock today?
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