Question: Answer follow image Emergency. Don,t use excel. Do calculation Brandy Clark, CFA, has forecast that Aceler, Inc., will pay its first dividend two years from

Answer follow image

Answer follow image Emergency. Don,t use excel. Do calculation Brandy Clark, CFA,Emergency. Don,t use excel. Do calculation

Brandy Clark, CFA, has forecast that Aceler, Inc., will pay its first dividend two years from now in the amount of $1.25. For the following year, she forecasts a dividend of $2.00 and expects dividends to decrease at an average rate of 7% for the foreseeable future after that. If the risk-free rate is 4.5%, the expected market risk premium is 7.5%, and Aceler's beta is 0.9, how much would be the current value of Aceler shares

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