Stock is expected to pay the dividends

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A stock is expected to pay the following dividends: $1.15 4 years from now, $1.50 5 years from now, and $1.80 6 years from now, followed by growth in the dividend of 6% per year forever after that point. There will be no dividends prior to year 4. The stock's required return is 14%. The stock's current price (Price at year 0) should be $__

Reference no: EM131062823

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