What is current value of the stock

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Reference no: EM131354296

Staggert Corp. will pay dividends of $5.00, $6.25, $4.75, and $3.00 in the next four years. Thereafter, management expects the dividend growth rate to be constant at 8.00 percent. If the required rate of return is 20.5 percent, what is the current value of the stock? (Round intermediate calculations and final answer to 2 decimal places, e.g. 15.20.)

Reference no: EM131354296

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