Question: A firm does not pay a dividend. It is expected to pay its first dividend of $ 0 . 4 6 per share in three

A firm does not pay a dividend. It is expected to pay its first dividend of $0.46 per share in three years. This dividend will grow at 13 percent indefinitely. Use a 14 percent discount rate.
Compute the value of this stock.
Note: Round your answer to 2 decimal places.
Stock value
A firm does not pay a dividend. It is expected to

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