Question: Please show all steps & calculations/formulas to get answer. Home Depot is about to pay a dividend of $0.76 per share. (i.e. paid tomorrow or

Please show all steps & calculations/formulas to get answer.

Home Depot is about to pay a dividend of $0.76 per share. (i.e. paid tomorrow or later today.) Dividends are expected to grow after that at a constant rate 4.5%.

What is the current price of the stock if investors demand a return of 11%.

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