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If the required rate of return is 12 percent what is the

Sanding and Bending Inc. will pay no dividends for the next seven years. In the Year 8, it will pay a dividend of $6 and maintain a constant growth of 6 percent thereafter. If the required rate of return is 12 percent, what is the value of the stock?

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Finance Basics: If the required rate of return is 12 percent what is the

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