Question: Traders Inn Lodging will pay dividends over the next four years of $2.00, $2.80, $4.20, and $4.80, respectively. Dividends will then grow at 5% thereafter.

Traders Inn Lodging will pay dividends over the next four years

Traders Inn Lodging will pay dividends over the next four years of $2.00, $2.80, $4.20, and $4.80, respectively. Dividends will then grow at 5% thereafter. The required rate of return for the stock is 18.5%. What is the current value of the stock? Round to two decimals

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