Question: Benjamin is expected to increase dividends by 11% in the next three years and by 7.5% in the following two years. After that, dividend growth

Benjamin is expected to increase dividends by 11% in the next three years and by 7.5% in the following two years. After that, dividend growth will level out at 2.25% per year. The dividend was just paid this morning was $1.55 and the required return on Benjamins equity is 7.87%. What is the price of the stock today?

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