Question: The current dividend is 5.60 and the dividends are expected to grow 5 percent per year for 3 years. At the end of 3 years

The current dividend is 5.60 and the dividends are expected to grow 5 percent per year for 3 years. At the end of 3 years the investor expects to sell the security for $42.15. What is the current value of KAS Co. to an investor who has a required rate of return of 9 percent?. Use up to four decimal places. 1 % AFS BIUS *** 011

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