Solved: Write in the value with two decimal points but no dollar, Accounting Basics

Write in the value with two decimal points but no dollar

HYPERDIV INC is expected to pay the following large dividends in the next 3 years:

Year	Dividend
1	$1
2	$2
3	$4

After 3 eyars, the dividens will grow at 3.2% per year forever. If investors require a return of 12.8% on this stock, what is the value of the HYPERDIV stock? Write in the value with two decimal points but no dollar sign or comma.

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Accounting Basics: Write in the value with two decimal points but no dollar

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Accounting Basics: Write in the value with two decimal points but no dollar

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