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Please list all of the steps in detail, so I can understand how it is solved. Investors expect the following.series of dividends: 1. Year 1

Please list all of the steps in detail, so I can understand how it is solved. image text in transcribed
Investors expect the following.series of dividends: 1. Year 1 $1.15 $1.30 Year 2 Year 3 $1.50 $1.75 $2.10 Year 4 Year 5 After the 5th year dividends will grow at a constant rate.Nf the required rate of return on the stock is 9.5% and the current market prige is $72.64, what is the long-term rate of dividend growth expected by the market

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