Estimate of stock current market value-daniels industries

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J. Daniels Industries just paid a dividend of D0 = $1.90. Analysts expect the company's dividend to grow by 20% this year, by 10% in Year 2, and at a constant rate of 4% in Year 3 and thereafter. The required return on this low-risk stock is 9.00%. What is the best estimate of the stock's current market value?

Reference no: EM132444659

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