Question: Share the steps using the formula for better understanding. Wells Fargo will pay a dividend of ( 70 p ) on its stock. The growth

Share the steps using the formula for better understanding. Wells Fargo will

Share the steps using the formula for better understanding.

Wells Fargo will pay a dividend of \\( 70 p \\) on its stock. The growth rate in dividends is \6.5 for first the first three-year period. The dividend growth rate from year 4 to year 6 is \8, and it is then expected to be a constant \9.5 per year indefinitely afterwards. The required return on the stock from investors is \10 for the first three years, \13 for the next three years, and \16 afterwards. What is the current stock price for Wells Fargo

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