How much is a share of cliff corp stock worth today

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Reference no: EM131956060

Question: Cliff Corp. currently pays no dividends, but plans to begin paying a constant dividend of $3.00 per share in five years. If the appropriate discount rate is 10%, then how much is a share of Cliff Corp. stock worth today? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131956060

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