What is the stocks current value per, Financial Management

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What is the stocks current value per

NewCompany is expected to pay a $1.25 per share dividend at the end of the year (i.e., D1 = $1.25). The dividend is expected to grow at a constant rate of 5.5% a year. The required rate of return on the stock, rs, is 12%. What is the stock's current value per share?

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