Compute the price of the stock 3 years

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In Jae Company has just paid dividend of $0.60 per share. The company's stocks are currently selling at $12 per share. If the dividends are expected to grow at 6.5 percent in constant rate and required return expected to be at 10 percent, compute the price of the stock 3 years from today.

Reference no: EM132753407

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