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Show the work please. # 38 A stock just paid a dividend of $2.81. The dividend is expected to grow at 20.33% for two years
Show the work please.
# 38 A stock just paid a dividend of $2.81. The dividend is expected to grow at 20.33% for two years and then grow at 4.53% thereafter. The required return on the stock is 10.35%. What is the value of the stock? Submit Answer format: Currency: Round to: 2 decimal placesStep by Step Solution
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