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Ww Corp., is a young start-up company. No dividends will be paid on the stock...

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Finance

Ww Corp., is a young start-up company. No dividends will be paid on the stock over the next 7 years because the firm needs to plow back its earnings to fuel growth. The company will pay a $9.81 per share dividend in 8 years and will increase the dividend by 0.05 per year thereafter. If the required return on this stock is 0.09, what is the current share price? Answer with 2 decimals

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