What is stock expected price four years from today

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A stock is expected to pay a dividend of $0.58 at the end of the year (that is, D1 = 0.58), and it should continue to grow at a constant rate of 6.75% a year. If its required return is 13%, what is the stock’s expected price 4 years from today? Round to TWO decimal places.

Reference no: EM131536292

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