Financial analysts believe stock will be at price target

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Reference no: EM131050484

Firm is expected to pay a dividend of $2.95 next year and $3.10 the following year. Financial analysts believe the stock will be at their price target of $60 in two years. Compute the value of this stock with a required return of 12.9 percent. (Round your answer to 2 decimal places.)

Reference no: EM131050484

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