What is value of the stock today and amount of dividend

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Reference no: EM13885121

A firm just paid a dividend of $2. The dividend is expected to grow at 25% for next two years and then grow at 2% thereafter. The required rate of return on the stock is 11%. What is the value of the stock?

The amount of dividend at t = 3 is $______________

What is the value of the stock today? Answer: $______________

Reference no: EM13885121

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