If the appropriate discount rate for the risk of this stock, Financial Management

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If the appropriate discount rate for the risk of this stock

A Stock will pay dividends at time t = 1 of $1.30. It is expected to grow at 11% as far as we can see into the future. If the appropriate discount rate for the risk of this stock is 24%, what should be the value of this stock, at t = 0? Note: The dividend of $1.30 is at t = 1, not at t = 0.

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Financial Management: If the appropriate discount rate for the risk of this stock

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