Question: please help A stock has a fairly stable dividend. It just paid a dividend of $1.05 and it has a stable dividend growth rate of

please help

please help A stock has a fairly stable dividend. It just paid

A stock has a fairly stable dividend. It just paid a dividend of $1.05 and it has a stable dividend growth rate of 4% per year. If an investor's required return is 8.42%, then what it the estimated intrinsic value using the constant state DDM? State your answer as a dollar amount with two decimal places

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