finance-A firm is expected to pay a dividend of $1.35 next year and $1.50 the following year.
QUESTION
A firm is expected to pay a dividend of $1.35 next year and $1.50 the following year. Financial analysts believe the stock will be at their price target of $68 in two years. Compute the value of this stock with a required return of 10 percent. (LG8-5)
ANSWER:
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