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Management Studies

Question: A firm is expected to pay a dividend of $3.85 next year and $4.15 the following year. Financial analysts believe the stock will be at their price target of $115 in two years. Compute the value of this stock with a required return of 13.8 percent. (Do not round intermediate calculations and round your final answer to 2 decimal places.)

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92702484

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