What is value of the stock today

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Could I Industries just paid a dividend of $2.02 per share. The dividends are expected to grow at a rate of 17 percent for the next three years and then level off to a growth rate of 5 percent indefinitely. If the required return is 14 percent, what is the value of the stock today? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Reference no: EM131839832

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