Nettle inc does not plan to pay a dividend for the next 5, Financial Management

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Nettle inc does not plan to pay a dividend for the next 5

Nettle Inc. does not plan to pay a dividend for the next 5 years. Exactly 6 years from today, the company will pay a dividend of $4.91 per share. Investors expect future dividends to grow at a constant rate of 3%, and they require a 7% return on their investment. Calculate the value of a share today (price). (Round to 3 decimals)

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Financial Management: Nettle inc does not plan to pay a dividend for the next 5

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