Question: 05165 Your answer is incorrect. Cullumber Corp. will pay dividends of $5.00, $6.25, $4.75, and $3.00 in the next four years. Thereafter, management expects the

05165 Your answer is incorrect. Cullumber Corp. will pay dividends of $5.00, $6.25, $4.75, and $3.00 in the next four years. Thereafter, management expects the dividend growth rate to be constant at 7 percent. If the required rate of return is 21.00 percent, what is the current value of the stock? (Round all intermediate calculations and final answer to 2 decimal places, eg, 15.20.) Current value $ eTextbook and Media Save for Later Attempts: 1 of 3 used Submit Answer h O IT ED a C

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