A firm does not pay a dividend. it is expected to pay its first dividend of $0.15 per share in three years. this dividend will grow at 9 percent indefinitely. using a 10 percent discount rate, compute

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A firm does not pay a dividend. it is expected to pay its first dividend of $0.15 per share in three years. this dividend will grow at 9 percent indefinitely. using a 10 percent discount rate, compute the value of this stock.

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