Question: Problem 9.28 Your answer is incorrect. Try again. Sunland Corp. is expected to grow rapidly at a rate of 35 percent for the next seven

Problem 9.28 Your answer is incorrect. Try again. Sunland Corp. is expected to grow rapidly at a rate of 35 percent for the next seven years. The company's first dividend, to be paid three years from now, will be $5. Aner seven years, the company (and the dividends it pays) will grow at a rate of 6.6 percent. What is the value of Sunland stock with a required rate of return of 14 percent (Round intermediate calculations and inal answer to 2 decimal places, e.g. 15.20.) Value of stock 116.58 Click If you would like to show Work for this question: Open Show Work

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