What is the best estimate of the current stock price

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Ackert Company's last dividend was $0.50. The dividend growth rate is expected to be constant at 1.5% for 2 years, after which dividends are expected to grow at a rate of 8.0% forever. The firm's required return (rmc078-1.jpg) is 12.0%. What is the best estimate of the current stock price?

Reference no: EM131025537

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