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How much would the price of the stock be worth today? round to 2 decimal places. You expect GDL to pay a dividend of $2

How much would the price of the stock be worth today? round to 2 decimal places. image text in transcribed
You expect GDL to pay a dividend of $2 in one year, \$3 in two years and \$6 in 3 years. After that, you think dividends will grow at a constant rate of 3%. You require a return of 12% to invest in GDL. How much would you pay for a share of the company today? Answer to 2 decimal places, for example 39.12

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