What is the current value of the stock today

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Start Up Plc is expected to pay a dividend of 4.75 per share at the end of year 1 and these dividends are expected to grow at a constant rate of 3.5% per year forever. If the required rate of return on the stock (and all stocks of the same risk class) is 12%, what is the current value of the stock today?

Reference no: EM13763204

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