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Please show work or it wont help me. Emmy Lou, Inc. has an expected dividend next year of $5.60 per share, a growth rate of

Please show work or it wont help me.

Emmy Lou, Inc. has an expected dividend next year of $5.60 per share, a growth rate of dividends of 10 percent, and a required return of 20 percent. The value of a share of Emmy Lou, Inc.'s common stock is ________.

ANSWER= $56

how?? thanks

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