Problema firm is expected to pay a dividend of 245 next, Ask an Expert

Finance

Problem:

A firm is expected to pay a dividend of $2.45 next year and $2.60 the following year. Financial analysts believe the stock will be at their price target of $95 in two years.

Required:

Question: Compute the value of this stock with a required return of 12.4 percent.

Note: Could someone please give me a step by step solution?

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Category:- Basic Finance
Reference No.:- M91174245

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