Question: CCC company does not expect to pay any dividends for the next three years. Four years from now they hope to pay $1.2 a share

CCC company does not expect to pay any dividends for the next three years. Four years from now they hope to pay $1.2 a share and increase that amount by 50% in the following year. After that, company expects to pay a constant dividend of $1.20 a share. What is the value of this stock today if the required return is 8 percent?

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