What is the firm expected stock price in five years

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Medical Corporation of America(MCA) has a current stock price of $36 and its last dividend (Do)was $2.40. In view of MCA's strong financial position, its required rate of return is 12%. If MCA's dividends are expected to grow at a constant rate in the future what is the firm's expected stock price in five years?

Reference no: EM13291157

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