Question: Dividend Initiation and Stock Value Afirm does not pay a dividend it is expected to pay its first dividend of $0.42 per share in two

Dividend Initiation and Stock Value Afirm does not pay a dividend it is expected to pay its first dividend of $0.42 per share in two years. This dividend wit grow at 13 percent Indefinitely Using a 15 percent discount rate, compute the current value of this stock

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