Question: Include all detailed calculations and how to put it in calculator 1. Two stages. Iguana Incorporated paid a dividend of $2.00 this year. The dividend

Include all detailed calculations and how to put it in calculator 1. Two stages.

Iguana Incorporated paid a dividend of $2.00 this year. The dividend is then expected to grow by 12% a year for 3 years; it will be 8% per year after that. The required rate of return is 14.6%. The value of a share of Iguana Incorporated's stock is closest to: 2. Two stages explicit dividents.

Reliable Motors shares are expected to pay dividends of $1.85, $1.25, and $1.70 at the end of each of the next three years, respectively. The investor expects the price of the shares at the end of this 3-year holding period to be $57.00. The investor's required rate of return is 12%. Calculate the current value of Reliable's shares.

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