What is the value of this stock today if the required


Cerberus Undertakers, Inc. just paid an annual dividend of $1.30 and is expected to pay annual dividends of $1.82 and $2.82 per share the next two years, respectively. After that, the firm expects to maintain a constant dividend growth rate of 4.6 percent per year. What is the value of this stock today if the required return is 12.1 percent?

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Financial Management: What is the value of this stock today if the required
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