Compute the value of stock with required return

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Reference no: EM131353003

A firm is expected to pay a dividend of $2.85 next year and $3.00 the following year. Financial analysts believe the stock will be at their price target of $55 in two years. Compute the value of this stock with a required return of 12.8 percent. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Reference no: EM131353003

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