Estimate of the stock current market value

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Reference no: EM132726244

Ravens Industries just paid of dividend of D o = $1.32. Analysts expect the company's dividend to grow by 30% in year 1 and year 2, then by 10% in year 3, and then at a constant rate of 5% in year 4, and forever.

The required return on this low-risk stock is 9.00 percent.

What is the best estimate of the stock's current market value?

Reference no: EM132726244

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