Question: A common stock is expected to pay its first dividend of $2.24 /share five years from today. That dividend is expected to grow at 4.60%

A common stock is expected to pay its first dividend of

$2.24

/share five years from today. That dividend is expected to grow at

4.60%

per year in perpetuity. The required rate of return on the stock is

12.60%

. Calculate the value of the stock today?

A common stock is expected to pay its first dividend of $2.24/ share five years from today. That dividend is expected to grow at 4.60% per year in perpetuity. The required rate of return on the stock is 12.60%. Calculate the value of the stock today? $15.47/ share $19.61/ share $16.18/ share $17.42/ share

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