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Assume a stock currently pays a dividend of 52 for the year. Expected dividend growth is 3% for the next two years and 2% theteafter

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Assume a stock currently pays a dividend of 52 for the year. Expected dividend growth is 3% for the next two years and 2% theteafter for an indefinite amount of time The appropriate required rate of return is 4%. What is the value today of a share of this stock? Present your answer as a whole number to two decimals (including the 5 symbolk e.8. 51.87.65 (25\% marks will be deducted if the 5 symbol is not provided)

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