What is the value of a stock that has just paid a divident


What is the value of a stock that has just paid a divident of $4. The Dividend is expected to grow at 20% per year for the next 3 years and then is expected to be 5% thereafter. Assume the required rate of return on the stock is 14%.

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Financial Management: What is the value of a stock that has just paid a divident
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