Compute value of this stock with required return

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Reference no: EM131333459

A firm is expected to pay a dividend of $2.35 next year and $2.50 the following year. Financial analysts believe the stock will be at their price target of $90 in two years. Compute the value of this stock with a required return of 12.3 percent. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Reference no: EM131333459

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