Question: 10 22 2.5 points A stock will pay a dividend of $1.01 exactly one year from now. You expect dividends to grow at 17% for

10 22 2.5 points A stock will pay a dividend of $1.01 exactly one year from now. You expect dividends to grow at 17% for the following 2 years and then a constant 4.8% every year thereafter. If the stock's required rate of return is 8.9%, what is a fair price for the stock today? Round your answer to the nearest penny. Type your answer... Next

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