Question: Question 5 ( 8 points ) ( Estimated time allowance: 1 7 minutes ) Pera Inc. does not currently pay dividends. The company will start

Question 5(8 points)
(Estimated time allowance: 17 minutes) Pera Inc. does not currently pay dividends. The company will start with an annual dividend of $11 at the end of year 4 and will pay the same amount each year until year 8. Thereafter, it will increase the dividends by 3% per year forever. If the required rate of return on this stock is 9%, what is the price of this stock today?
Question 5(8 points) (Estimated time allowance: 17 minutes) Pera Inc. does

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