Question: please use excel and show formulas in cells 15. What is the fair value of the stock for which no dividend will be paid for

please use excel and show formulas in cells please use excel and show formulas in cells 15. What is the

15. What is the fair value of the stock for which no dividend will be paid for next seven years, but $1.50 dividend per share will be paid eight years from now and then will grow at 5% every year? Assume that the discount rate is 12%

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