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Calculate the value of hitech stock

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HiTech, Inc.'s growth for the future is forecasted to be a constant 10 percent. HiTech's next dividend is expected to be $1.18. Calculate the value of HiTech stock when the required return is 12 percent. More importantly, explain step by step any calculations and how they were reached. Please provide any formulas used.

Reference no: EM132680330

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