What is the present value of the stock price

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Question: WD stock will pay no dividends for four years. In year five it will pay a $3 dividend (DIV5 =3). The dividend will then grow at a 5% rate forever after that. The discount rate on WD stock is 10%. What is the present value of the stock price at time 4? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132042660

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