Question: please write formula no excel please handwritten neatly Stock Valuation Universal Laser, Inc., just paid a dividend of $2.90 on its stock. The growth rate

please write formula
no excel please
handwritten neatly  please write formula no excel please handwritten neatly Stock Valuation Universal

Stock Valuation Universal Laser, Inc., just paid a dividend of $2.90 on its stock. The growth rate in dividends is expected to be a constant 6 percent per year, indefinitely. Investors require a 15 percent return on the stock for the first three years, a 13 percent return for the next three years, and then an 11 percent return thereafter. What is the current share price for the stock

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