Find what is the current value of ibm stock

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Question: Apple has just paid a dividend of $4 per share (this dividend is already paid sometimes called Dividend 0). It is estimated that the companys dividend will grow at a rate of 35% in year 1 and 20% in year 2. The dividend is then expected to grow at a constant rate of 7% thereafter. The companys opportunity cost of capital is 10% what is the current value of IBM's stock?

Reference no: EM131933366

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