Question: QUESTION 4 A stock is expected to pay its first annual dividend 5 years from now. If that dividend will be $2.50 and dividends after

QUESTION 4 A stock is expected to pay its first annual dividend 5 years from now. If that dividend will be $2.50 and dividends after that are expected to grow at 3% per year, what is the stock worth today given a 12% required return?

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