A stock will pay dividends of 120 starting in year 4 the, Ask an Expert

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A stock will pay dividends of $1.20 starting in year 4. The dividends for year 5, year 6, and year 7 will grow by 25%, 20%, and 12%. Finally, the dividends will grow at a constant rate of 6% forever. The required return on the stock is 11%. What should the price of stock be 3 years from now (P3)?

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Financial Management, Finance

Category:- Financial Management
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