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A common stock is expected to pay for its first dividend of $1.86/share four years from today. That dividend is expected to grow at 5.20%
A common stock is expected to pay for its first dividend of $1.86/share four years from today. That dividend is expected to grow at 5.20% per year in perpetuity. The required rate of return on the stock is 13.60%. Calculate the value of the stock today? Show all steps and work!
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