What is the value of stock today

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Reference no: EM131333408

You are looking at a new stock and would like to predict a few years of dividends before buying it. The company recently had a dividend of $1. For the next 3 years, dividends will grow 4% each year, 6% the following year and a 5% constant growth every year thereafter. The required rate of return is 10%. What is the value of the stock today? (Round intermediate and final calculations to 2 decimals)

Reference no: EM131333408

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