What is the current value of ibms stock

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IBM has just paid a dividend of $4 per share (this dividend is already paid sometimes called Dividend 0).  It is estimated that the company's dividend will grow at a rate of 35% in year 1 and 20% in year 2.  The dividend is then expected to grow at a constant rate of 9% thereafter. The company's opportunity cost of capital is 12% what is the current value of IBM's stock?

Reference no: EM131448273

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