Question: #4 You are analyzing a common stock that is expected to pay a dividend of $0.80 per share next year. After that, you expect the

#4 You are analyzing a common stock that is expected to

#4 You are analyzing a common stock that is expected to pay a dividend of $0.80 per share next year. After that, you expect the stock's earnings and dividends to grow at an annual rate of 14 percent for two years, then slow toa constant rate of 8 percent. What is the value of this stock if the appropriate required rate of returin is 12%

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