What is the expected price of the stock three years from now

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The required rate of return is 21.65 percent. Ninex Corp. has just paid a dividend of $3.12 and is expected to increase its dividend at a constant rate of 5.10 percent. What is the expected price of the stock three years from now? (Round answer to 2 decimal places, e.g. 15.20.)

Reference no: EM131593923

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