Question: Solve this qn with proper step. e 6.Calculate the price of a dividend paying stock using the following information, assuming the price is equal to

Solve this qn with proper step.

e 6.Calculate the price of a dividend paying stock using the following information, assuming the price is equal to the present value of all future dividends one will receive from owning the stock. (Hint: treat the stock as a growing perpetuity) Dividend $4 50 Growth rate 2% Required return 12%

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