What is the current value of the stock

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Staggert Corp. will pay dividends of $5.00, $6.25, $4.75, and $3.00 in the next four years. Thereafter, management expects the dividend growth rate to be constant at 6 percent. If the required rate of return is 18.5 percent, what is the current value of the stock?

Reference no: EM13864894

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