Compute the value of stock with required return

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Reference no: EM131600218

A firm is expected to pay a dividend of $1.95 next year and $2.10 the following year. Financial analysts believe the stock will be at their price target of $70 in two years. Compute the value of this stock with a required return of 11.9 percent. (Round your answer to 2 decimal places.)

Reference no: EM131600218

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