Question: Cyber corp does not plan to issue a dividend for 15 years. On the 16th year the company plans to issue a dividend of $1.40

Cyber corp does not plan to issue a dividend for 15 years. On the 16th year the company plans to issue a dividend of $1.40 and expects future dividends to grow by 4.0% each year thereafter. If you require a return of 13.4%, what is the maximum price you are willing to pay for the stock?

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