Question: Janet Dashboar Mall - Janet benneK Saved Help Save & Exit New Gadgets, Incorporated, currently pays no dividend but is expected to pay its first

Janet Dashboar Mall - Janet benneK Saved Help Save & Exit New Gadgets, Incorporated, currently pays no dividend but is expected to pay its first annual dividend of $5.50 per share exactly 7 years from today. After that, the dividends are expected to grow at 3.5 percent forever. If the required return is 12.5 percent, what is the price of the stock today

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