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what is the answer? fast please and thanks. A stock will pay a dividend of $2 8 exactly one year from now. You expect dividends

what is the answer? fast please and thanks. image text in transcribed
A stock will pay a dividend of $2 8 exactly one year from now. You expect dividends to grow at-2% for the following 2 years and then a constant 2.0% every year thereafter. I the stock's required rate of return is 11.8%, what is a fair price for the stock today? Round your answer to the nearest penny Type your

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