Compute the value of this stock with a required return

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Reference no: EM13919379

A firm is expected to pay a dividend of $2.35 next year and $2.65 the following year. Financial analysts believe the stock will be at their price target of $105 in two years.

Compute the value of this stock with a required return of 11.3 percent. (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Value of Stock: $

Reference no: EM13919379

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