Compute value of this stock with required return

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Reference no: EM131346144

A firm is expected to pay a dividend of $2.85 next year and $3.15 the following year. Financial analysts believe the stock will be at their price target of $110 in two years.

Compute the value of this stock with a required return of 13.1 percent. (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Value of stock $

Reference no: EM131346144

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