Question: The answer is 16.58. please show work 7.) A company will pay the following dividends per share in the next three years complex respectively: $1.00,

The answer is 16.58. please show work

7.) A company will pay the following dividends per share in the next three years complex respectively: $1.00, $1.20, and $1.60. After year 3 the company will grow its dividend at 2% for 5 years. Then, the company will maintain a constant dividend of $2.75 each year forever. If the required return on this stock is 12% what is the stock price today

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