Question: PLEASE HELP!!! Pera Inc. does not currently pay dividends. The company will start with an annual dividend of $11 at the end of year 5

PLEASE HELP!!!

Pera Inc. does not currently pay dividends. The company will start with an annual dividend of $11 at the end of year 5 and will pay the same amount each year until year 9. Thereafter, it will increase the dividends by 2% per year forever. If the required rate of return on this stock is 10%, what is the price of this stock today?

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