What is the value of this share of stock

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Reference no: EM131984257

A share of stock is expected to have a very high dividend growth rate of 10% for the next two years, and then will settle back to its standard 2% dividend growth rate.

Assume that the last paid dividend was $3.00 and the expected rate of return is 18%.

What is the value of this share of stock?

Reference no: EM131984257

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