The estimated price per share of the stock

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A stock is expected to pay a dividend of $1.30 one year from now, $1.70 two years from now, and $2.10 three years from now. The growth rate in dividends after that point is expected to be 8% annually. The required return on the stock is 13%. The estimated price per share of the stock 6 years from now should be $_________.

Reference no: EM131130380

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