Question: Please explain the steps and equations used. #40 The risk-free rate is 3.74% and the market risk premium is 7.19%. A stock with a of

Please explain the steps and equations used. #40 The risk-free rate isPlease explain the steps and equations used.

#40 The risk-free rate is 3.74% and the market risk premium is 7.19%. A stock with a of 0.87 just paid a dividend of $2.02. The dividend is expected to grow at 20.67% for three years and then grow at 3.76% 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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