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Suppose a stock will pay 11 per share dividend in one years

Suppose a stock will pay $11 per share dividend in one year's time. The dividend is projected to grow at 8% the following year (2 years from today the dividend will be 11*1.08), and then 4% per year indefinitely after that. The required return is 10%. What is the stock's price today?

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Finance Basics: Suppose a stock will pay 11 per share dividend in one years

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