What is the current price of the stock

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Reference no: EM131184957

A company will pay $2 per share dividend in 1 year. The dividend in 2 years will be $4 per share and it is expected that dividends grow at 5% per year thereafter. The expected rate of return on the stick in1%. What is the current price of the stock? (Hint: Calculate P0 and P2)

Reference no: EM131184957

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