If the required return for this stock is 135 percent what


A firm recently paid a $0.65 annual dividend. The dividend is expected to increase by 10 percent in each of the next four years. In the fourth year, the stock price is expected to be $30.

If the required return for this stock is 13.5 percent, what is its current value?

current value =

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Financial Management: If the required return for this stock is 135 percent what
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