What is the price of the stock today

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Ryder's Ink Co. just announced that it plans to give out its dividends starting two years from now starting $3.75, with $ 2.10 the third year and then from the fourth year it will fix the dividend to $0.80 each year indefinitely. The required rate is 13 percent. What is the price of the stock today?

Reference no: EM133234373

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