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Two stages Iguana Incorporated paid a dividend of $1.90 this year. The dividend is...

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Question

Accounting

Two stages
Iguana Incorporated paid a dividend of $1.90 this year. The dividend is then expected to grow by 14% a year for 3
years; it will be 3% per year after that. The required rate of return is 8.6%. The value of a share of Iguana
Incorporated's stock is closest to:
$
Round your answer to the nearest cent
image

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