What is the present value of the dividend expected

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Common stock of Fairfax Paint is currently priced at 71.89 dollars per share. The stock is expected to pay annual dividends that are expected to grow by 3.81 percent forever. The next dividend is expected in 1 year and the expected annual return for the stock is 15.84 percent. What is the present value (as of today) of the dividend expected to be paid in 8 years from today?

Reference no: EM131055044

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