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Please show answer using formula approach Intro A stock just paid an annual dividend of $3.84. The dividend is expected to grow by 7% per

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Please show answer using formula approach

image text in transcribed Intro A stock just paid an annual dividend of $3.84. The dividend is expected to grow by 7% per year for the next 5 years. It will then grow by 1% per year forever. The required rate of return is 11%. Part 3 Attempt 4/10 for 10 pts. What is the value of the stock? Try again

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