Question: i need step by step instructions of how to do each calculation and equation necessary for this problem. 6. Investors expect the following series of

i need step by step instructions of how to do each calculation and equation necessary for this problem.

6. Investors expect the following series of dividends from a particular common stock: After the 5th year, dividends will grow at a constant rate. If the required rate of return on the stock is 8% and the current market price is $47.86, what is the long-term rate of dividend growth expected by the market

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