What is the value of stock today

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Reference no: EM131606180

Couldee Industries just paid a dividend of $1.8 per share. The dividends are expected to grow at a 16 percent rate for the next 4 years and then level off to a 4 percent growth rate indefinitely. If the required return is 14 percent, what is the value of the stock today? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Reference no: EM131606180

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