Question: a stock you are evaluating is expected to experience supernormal growth in dividends of 12% over the next three years. following this period, dividends are

a stock you are evaluating is expected to experience supernormal growth in dividends of 12% over the next three years. following this period, dividends are expected to grow at a constant rate of 4%. the stock paid a dividend of $1.50 last year and the required rate of return on the stock is 11%. calcuate the stocks fair present value

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