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A firm is expected to pay a dividend of $3.15 next year and $3.45 the following year. Financial analysts believe the stock will be at
| A firm is expected to pay a dividend of $3.15 next year and $3.45 the following year. Financial analysts believe the stock will be at their price target of $100 in two years. |
| Compute the value of this stock with a required return of 12.5 percent. (Do not round intermediate calculations and round your final answer to 2 decimal places.) |
| Value of stock | $ |
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