Compute the value of this stock with a required return

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A firm is expected to pay a dividend of $3.05 next year and $3.20 the following year. Financial analysts believe the stock will be at their price target of $65 in two years. Compute the value of this stock with a required return of 13.0 percent. (Round your answer to 2 decimal places.)

Reference no: EM131020525

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