Question: Please explain the steps and equations used. #38 A stock just paid a dividend of $2.00. The dividend is expected to grow at 25.43% for

Please explain the steps and equations used.

#38 A stock just paid a dividend of $2.00. The dividend is expected to grow at 25.43% for two years and then grow at 4.22% thereafter. The required return on the stock is 12.88%. 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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