(Answered) Becker companys last dividend was 120 the dividend growth

Finance

Becker Company's last dividend was $1.20. The dividend growth rate is expected to be constant at 2% for 2 years, after which dividends are expected to grow at a rate of 8.0% forever. The firm's required return (rs) is 12.0%. What is the best estimate of the current stock price?

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