Question: CFC does not currently pay any dividends. Analysts expect the company to pay its first dividend of $5 per share at the end of Year

CFC does not currently pay any dividends. Analysts expect the company to pay its first dividend of $5 per share at the end of Year 4. After that, the company will continue to pay this dividend at the end of each year for the foreseeable future. What is the value of the stock today if the required rate of return is 10%?

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