A firm recently paid a 085 annual dividend the dividend is, Ask an Expert

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A firm recently paid a $0.85 annual dividend. The dividend is expected to increase by 14 percent in each of the next four years. In the fourth year, the stock price is expected to be $65. If the required return for this stock is 16.50 percent, what is its current value? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92392183

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