Question: A stock does not currently pay dividends. The first dividend of $5.7 will be paid in year 4. The second dividend of $6 will

A stock does not currently pay dividends. The first dividend of $5.7 will be paid in year 4. The second dividend of $6 will be paid in year 7. According to your analysis, you think you should be able to sell the stock for $67 at that time. If the required return is 10.3%, what is the stock's value today?

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