plz help!! Saks is expected to pay a dividend in...
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plz help!!
Saks is expected to pay a dividend in year 1 of $1.74, a dividend in yeat 2 of $2.06, and a dividend in year 3 of $2.63. After year 3 . dividends are expected to grow at the rate of 8% per year. An appropriate required return for the stock is 11%. What should the stock price be worth? (Do not round intermediate calculations. Round your answer to 4 decimal places.)
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