Question: PLEASE ANSWER COMPLETELY AND SHOW ALL WORK, NO EXCEL . I WILL LEAVE THUMBS UP IF ANSWER IS CORRECT All work with methodology and equations
All work with methodology and equations used must be shown in detail. A timeline is requested, wherever appropriate. Please do not attempt to show work by providing calculator steps. The actual equations and careful explanations are required to receive credit for answers, even if correct. Correct answers without proper work shown in enough detail will be marked wrong. Incorrect answers with proper work and method outlined will be graded positively with partial credit. Questions: 1. Ally Inc.'s dividend is expected to grow at 3% for the next 3 years, 4% for the following year, and then at 6% forever. If the current dividend is $1.50 and the required return is 3%, what is the price of the stock today
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