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A stock is expected to pay the following dividends: $1 in 1 year, $1.7 in 2...

A stock is expected to pay the following dividends: $1 in 1 year, $1.7 in 2 years, and $2 in 3 years, followed by growth in the dividend of 8% per year forever after that point. The stock's required return is 13%. The stock's current price (Price at year 0) should be $____________. Do not round any intermediate work, but round your final answer to 2 decimal places (ex: 12.34567 should be entered as 12.35). Margin of error for correct responses: +/- .10.

please show how to solve using financial calc

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bol 8.00% 13.00% Pv Factor Present Value 0.8850 $ 0.88 0.7831 $ 1.33 0.6931 $ 1.39 D2 D3 1.0000 1.7000 2.0000 2.1600 43.2000

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