Dividend discount model-stock price

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You expect Budweiser will pay dividends of 2.25 in one year, 2.50 in two years, and 2.75 in three years. From that point onwards, dividends will grow at 6% per year. Investors' required rate of return is 12%. According to the Dividend Discount Model, what should be Budweiser's stock price?"

Reference no: EM131058511

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