Billy & Billy pays no dividend at the present time. The company plans to start paying an
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Question:
Billy & Billy pays no dividend at the present time. The company plans to start paying an annual dividend in the amount of $.30 a share for two years commencing two years from today. After that time, the company plans on paying a constant $.70 a share dividend indefinitely. Given a required return of 14%, what is the value of this stock? DUE today
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