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Problem 1 : please help me solve this via excel formulas Nachman Industries just paid a dividend of D 0 = $ 1 . 3

Problem 1: please help me solve this via excel formulas
Nachman Industries just paid a dividend of D0
= $1.32. Analysts expect the company's dividend to
grow by 30% this year, by 10% in Year 2, and at a constant rate of 5% in Year 3 and thereafter. The
required return on this low-risk stock is 9.00%. What is the best estimate of the stocks current market
value?

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