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It would be great if you could show the steps (not on excel) for better...

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Finance

It would be great if you could show the steps (not on excel) for better understanding! Thank You!image

The risk-free rate is 1.72% and the market risk premium is 5.25%. A stock with a of 1.63 just paid a dividend of $2.36. The dividend is expected to grow at 22.15% for three years and then grow at 3.19% forever. What is the value of the stock? Submit Answer format: Currency: Round to: 2 decimal places

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