Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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A stock just paid a dividend of $2.95. The dividend is expected to grow at 20.67% for two years and then grow at 4.93% thereafter. The required return on the stock is 11.73%. What is the value of the stock?
Answer format: Currency: Round to: 2 decimal places.
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