Question: Dont use Excel, type it out, show all work Suppose ABC's expected dividend next year (i.e., Period 1) is $5.7. If its dividend is likely

Dont use Excel, type it out, show all work Suppose ABC's

Dont use Excel, type it out, show all work

Suppose ABC's expected dividend next year (i.e., Period 1) is $5.7. If its dividend is likely to grow at a constant rate of 7.8% forever, compute its stock value in Period 5 when the required rate of return is 12.1%. Round your answer to two decimal places

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