A firm is expected to pay a dividend of $2.15 next year and $2.30 the...
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A firm is expected to pay a dividend of $2.15 next year and $2.30 the following year. Financial analysts believe the stock will be at this price target of $80 in two years. Compute the value of this stock with a required return of 12.1 percent. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
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