Question: need help Question 5 (1 point) You have been asked to value ABC's common stock. The stock just paid a dividend of $5.85. Dividends are

need help

Question 5 (1 point) You have been asked to value ABC's common stock. The stock just paid a dividend of $5.85. Dividends are paid annually. The dividend is expected to growth by 24.0% per year for the next 2 years. Thereafter the dividends will increase by 6.2% per year. The required rate of return is 12.3% compounded annually. What is the price of the stock today? Your answer should be accurate to two decimal places

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