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Please show work for calculations and formulas to understand better (no excel) Las Vegas Sands Incorporated is expected to grow at an exceptionally high rate

image text in transcribed Please show work for calculations and formulas to understand better (no excel)
Las Vegas Sands Incorporated is expected to grow at an exceptionally high rate over the next 3 years due to their forthcoming acquisition of the Wynn Resorts. An analyst estimates that the venture will result in a 6% constant growth rate in dividends starting today that is expected to continue indefinitely into the future. If Las Vegas Sands paid a $1.80 dividend yesterday (D=$1.80) and the stock is valued according to a required rate of return of 12%, what is the value of a share of Las Vegas Sands stock today

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