A firm is expected to pay a dividend of $3.00 next year and $3.10 the...
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Finance
A firm is expected to pay a dividend of $3.00 next year and $3.10 the following year. Financial Analysts believe the stock will be at their price target of $50 in two years. Compute the value of this stock with a required return of 11 percent. Round your answer to two decimal places
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