expected price
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A stock is expected to pay a dividend of $2.50 the end of the year (that is, D1 = $2.50), and it should continue to grow at a constant rate of 7% a year. If its required return is 13%, what is the stock'sexpected price 4 years from today? Round your answer to two decimal places.
12 years ago
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- 8510117_1.xlsx