A firm is expected to pay a dividend of $3.35 next year and $3.65 the following year
A firm is expected to pay a dividend of $3.35 next year and $3.65 the following year. Financial analysts believe the stock will be at their price target of $110 in two years.
Compute the value of this stock with a required return of 12.7 percent. (Do not round intermediate calculations and round your final answer to 2 decimal places.)