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Westerfield Corporation is expected to pay the following dividends over the next three years: $1, $2, and $2.50. Afterwards, the company pledges to maintain a

Westerfield Corporation is expected to pay the following dividends over the next three years: $1, $2, and $2.50. Afterwards, the company pledges to maintain a constant 5 percent growth rate in dividends forever. If the required return on the stock is 10 percent, what is the current share price?

( would it be possible to ans without ms Excel formulas plz! )

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