What is the expected price of the company next year

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You expect A&E to pay a dividend of $1.2 in one year, $2.6 in two years and $3.2 in 3 years. After that, you think dividends will grow at a constant rate of 2%. You require a return of 13% to invest in GDL. What is the expected price of the company next year? Answer to 2 decimal places, for example 39.12.

Reference no: EM131590733

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