What is arid expected stock price 5 years from now

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Arid Corporation's current stock price is $40.00, its next dividend will be $2.80, and its required rate of return is 12%. If dividends are expected to grow at a constant rate, g, in the future and if rs is expected to remain at 12%, what is Arid's expected stock price 5 years from now?

Reference no: EM13298891

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