Question: Moving to the next question prevents changes to this answer. Question 8 Brandy Clark, CFA, has forecast that Aceler, Inc., will pay its first dividend

Moving to the next question prevents changes to this answer. Question 8 Brandy Clark, CFA, has forecast that Aceler, Inc., will pay its first dividend two years from now in the amount of $1.25. For the following year, she forecasts a dividend of $2.00 and expects dividends to increase at an average rate of 7% for the foreseeable future after that. If the risk-free rate is 5.5%, the expected market risk premium is 7.5%, and Aceler's beta is 0.9, Calculate the current value of Aceler shares Clark would estimate. Show your working. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BI S Paragraph Arial 14px V

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