A firm will pay a dividend of $1.27 next year. The dividend is expected to grow at a constant rate of 2.76% forever and the required rate of return is 13.99%. What is the value of the stock? A firm just paid a dividend of $2.60. The dividend is expected to grow at a constant rate of 2.63% forever and the required rate of return is 13.35%. What is the value of the stock?
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