An appropriate rate of return for the stock is 11 what


Saks is expected to pay a dividend in year one of 1.95, a dividend in year 2 of 2.27, and a dividend in year 3 of 2.84. After year 3, dividends are expected to grow at the rate of 8% per year. An appropriate rate of return for the stock is 11% What should the stock's price be after 3 years? (Round to 4 decimal places)

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Financial Management: An appropriate rate of return for the stock is 11 what
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