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NUK Company is a relatively new firm that is still in a period of rapid...

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Accounting

NUK Company is a relatively new firm that is still in a period of rapid development. The company plans on retaining all of its earnings for the next five years. Six years from now, the company projects paying an annual dividend of $2.5 a share and then increasing that amount by 5% annually thereafter. 



To value this stock as of today, you would most likely determine the value of the stock years from today before determining today value?

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