Question: A stock does not currently pay dividends. The first dividend of $2.7 will be paid in year 4. The second dividend of $5.7 will

A stock does not currently pay dividends. The first dividend of $2.7

A stock does not currently pay dividends. The first dividend of $2.7 will be paid in year 4. The second dividend of $5.7 will be paid in year 7. According to your analysis, you think you should be able to sell the stock for $79 at that time. If the required return is 11.6%, what is the stock's value today? Answer:

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