Harry's Hat Shop is a young start-up company. No dividends will be paid on the...
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Harry's Hat Shop is a young start-up company. No dividends will be paid on the stock over the next 2 years. The company will then begin paying a $2.00 dividend at year 3, and will increase the dividend by 7% per year thereafter. If the required return on this stock is 14%, what is the current share price?
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