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please give the formula and step MBT Inc. will pay a dividend of $1.80 per share next year. Dividends are expected to grow at a

image text in transcribedplease give the formula and step

MBT Inc. will pay a dividend of $1.80 per share next year. Dividends are expected to grow at a rate of 7% until the end of year 3, and will grow at a constant rate of 2% thereafter. What is the current share price of the common stock if investors require a return of 10% on common stock? (8 marks)

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