Nosybook Company stocks pay no dividend. In 8 years from today, the company is expected...
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Nosybook Company stocks pay no dividend. In 8 years from today, the company is expected to pay its first annual dividend of $2.8 per share. Then the dividend growth is expected to be 1.2% forever. If the required return on similar stocks is 16.5%, what is the value of the Nosybook Company stock now?
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