Question: Please explain the steps and equations used. #28 The risk-free rate is 2.23% and the market risk premium is 6.51%. A stock with a of

Please explain the steps and equations used.

#28 The risk-free rate is 2.23% and the market risk premium is 6.51%. A stock with a of 1.27 just paid a dividend of $1.50. The dividend is expected to grow at 24.15% for five years and then grow at 3.50% forever. What is the value of the stock? unanswered not_submitted Submit Attempts Remaining: Infinity Answer format: Currency: Round to: 2 decimal places

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