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A firm does not pay a dividend. It is expected to pay its first dividend of $0.36 per share in th


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A firm does not pay a dividend. It is expected to pay its first dividend of $0.36 per share in three years. This dividend will grow at 8 percent indefinitely. Use a 9 percent discount rate.

Compute the value of this stock.

 

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Solution #00070249

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A firm does not pay a dividend. It is expected to pay its first dividend of $0.36 per share in th.zip

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