Question: Please solve the following question in detailed steps for Excel. I will make sure to give a thumbs up. Thank you. Stock Pricing: A firm

Please solve the following question in detailed steps for Excel. I will make sure to give a thumbs up. Thank you. Stock Pricing: A firm expects to pay a $3 dividend next year. This dividend is expected to grow at 4.2 percent a year for two years, then at zero percent for the next four years and then 0.25 percent forever. Find the price of this firms stock if the required return on the stock is 8 percent a year.

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