Compute the value of this stock with a required return

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A firm is expected to pay a dividend of $2.45 next year and $2.60 the following year. Financial analysts believe the stock will be at their price target of $95 in two years.

Compute the value of this stock with a required return of 12.4 percent. (Round your answer to 2 decimal places)

Reference no: EM13762877

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