What is the best estimate of the stock''s current market

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Burke Tires just paid a dividend of D0 = $1.32. Analysts expect the company's dividend to grow by 30% this year, by 12% in Year 2, and at a constant rate of 5% in Year 3 and thereafter. The required return on this low-risk stock is 9.50%. What is the best estimate of the stock's current market value?

Reference no: EM131903441

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