Find the value of the stock with a required return

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Reference no: EM131975306

Question: A firm is expected to pay a dividend of $1.15 next year and $1.30 the following year. Financial analysts believe the stock will be at their price target of $30 in two years. Compute the value of this stock with a required return of 11.1 percent. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Reference no: EM131975306

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