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solve A firm is expected to pay a dividend of $2.95 next year and $3.10 the following year. Financial analysts believe the stock will be

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A firm is expected to pay a dividend of $2.95 next year and $3.10 the following year. Financial analysts believe the stock will be at their price target of $60 in two years. Compute the value of this stock with a required return of 12.9 percent. (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Value of stock

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