Burke Tires just paid a dividend of $2.07. Analysts expect the company's dividend to grow...
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Burke Tires just paid a dividend of $2.07. Analysts expect the company's dividend to grow by 30% this year, 20% next year (year 2), 10% the following year (year 3), and then 5% in each subsequent year. If the required return to the stock is 8.82%, what is the best estimate of the stock's current market value (please enter the value to the penny)?
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