Question: You need to write down all necessary steps/formulas leading to your results in EXCEL FORMAT: A stock will pay a dividend of $1.80 this year.

You need to write down all necessary steps/formulas leading to your results in EXCEL FORMAT:

A stock will pay a dividend of $1.80 this year. The required rate of return is r = 12.10%, and the constant growth rate is g = 5.00%. What is the current stock price?

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