Financial analysts believe the stock will be at their price

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Reference no: EM131189336

A firm is expected to pay a dividend of $2.75 next year and $3.05 the following year. Financial analysts believe the stock will be at their price target of $105 in two years. Compute the value of this stock with a required return of 13.0 percent. (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Reference no: EM131189336

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