Question: NU YU announced today that it will begin paying annual dividends. The first dividend will be paid next year in the amount of $1 a

NU YU announced today that it will begin paying annual dividends. The first dividend will be paid next year in the amount of $1 a share. The following dividends will be $4, $0, and $2 a share annually for the following three years, respectively. After that, dividends are projected to increase by 5% per year. How much will you willing to pay today to buy one share of this stock if you desired rate of return is 20%

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