Question: will thumbs up 1. A common stock does not currently pay any dividends. It is expected to pay its first dividend of $3.60/share seven years

will thumbs up will thumbs up 1. A common stock does not currently pay any

1. A common stock does not currently pay any dividends. It is expected to pay its first dividend of $3.60/share seven years from today. After year seven, the dividends are expected to grow at a constant rate of 4.00% for the following 24 years. At the end of year 31, the value of stock is expected to be $65/share. The required rate of return on the stock is 12.00%. Calculate the value of the stock today

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