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Hello! need to check my work with your work and hope its all correct. Thank you! D Question 8 5 pts A stock is expected
Hello! need to check my work with your work and hope its all correct. Thank you!
D Question 8 5 pts A stock is expected to pay a dividend of $1.1 one year from now, $1.6 two years from now, and $2.4 three years from now. The growth rate in dividends after that point is expected to be 8% annually. The required return on the stock is 12%. The estimated price per share of the stock six years from now should be Do not round any intermediate work, but round your final answer to 2 decimal places (ex: $12.34567 should be entered as 12.35) Margin of error for correct responses: +.10Step by Step Solution
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