What is the best estimate of the current stock


A Company's last dividend was $1.35. The dividend growth rate is expected to be constant at 3.5% for 2 years, after which dividends are expected to grow at a rate of 7.0% forever. The firm's required return is 12.0%. What is the best estimate of the current stock price?

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Financial Management: What is the best estimate of the current stock
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