A stock will make its first dividend payment in 6 years the


A stock will make its first dividend payment in 6 years. The dividend payment will be $4/share at that time. After making that payment, they will maintain a constant growth dividend policy and grow their dividends by 5% every year, forever. R=11%. Calculate the stock price today.

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Finance Basics: A stock will make its first dividend payment in 6 years the
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