Question: Wish You Were Here, Inc, currently does not pay a dividend but is expected to pay its first annual dividend of $ 5 . 5

Wish You Were Here, Inc, currently does not pay a dividendbut is expected to pay its first annual dividend of $5.50 per share exactly 7 years from today. After that, the dividends will 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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