A stock is expected to pay hte following dividends 115 in, Financial Management

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A stock is expected to pay hte following dividends 115 in

A stock is expected to pay hte following dividends: $1.15 in year 1, $1.70 in 2 years, and $2.00 in 3 years, followed by growth in the dividend of 6% per year forever after that point. The stock's required return is 11%. What should the stock's current price be?

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Financial Management: A stock is expected to pay hte following dividends 115 in

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