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  3. a stock will pay a $2.25 dividend next year and wi

A stock will pay a $2.25 dividend next year and will grow the dividend by...

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Finance

A stock will pay a $2.25 dividend next year and will grow the dividend by 3% per year for the foreseeable future. If the required rate of return is 12%, what is the current value of the said stock? Can you show me how to do it thoroughly?

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