Question: Kerry is analyzing a common stock that is expected to pay a dividend of $0.60 per share next year. After that, the stock's earnings and

Kerry is analyzing a common stock that is expected to pay a dividend of $0.60 per share next year. After that, the stock's earnings and dividends are expected to grow at an annual rate of 12 percent for two years, 10 percent for one year, then slow to a constant rate of 6 percent. What is the value of this stock if the appropriate required rate of return is 14%? (Please provide and

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