Question: Fin 305 Chapter 8 question 3 Financial analysts forecast Limited Brands (LTD) growth rate for the future to be 11.5 percent. LTDs recent dividend was

Fin 305

Chapter 8 question 3

Financial analysts forecast Limited Brands (LTD) growth rate for the future to be 11.5 percent. LTDs recent dividend was $0.30.

What is the value of Limited Brands stock when the required return is 13.5 percent? (Round your answer to 2 decimal places.)

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