Question: Firm tree does not yet pay a dividend . But ,in 3 years you think that they will start paying a dividend and it will

Firm tree does not yet pay a dividend . But ,in 3 years you think that they will start paying a dividend and it will be $ 1.78 per share . Each year after that , the dividend is expected to grow by 2.9 % The required rate of return for XYZ stock is 11.9 % per year . What should be the price of tree stock today ?

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