Since its inception five years ago, Companioni Gyms has not paid a dividend to its common stockholders,
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Question:
Beginning six years from today, however, Companioni Gyms expects to pay a $2 dividend, which, from that point on, will increase by 10 percent per year forever.?Stocks with similar risks have a required rate of return equal to 15 percent.?
What should be the market price of Companioni's common stock?
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