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Show me the steps to solve dividend of D 0 = $ 1 . 3 2 . Analysts expect the company s dividend to grow

Show me the steps to solve dividend of D0= $1.32. Analysts expect the companys 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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