What is the price of a stock expected to be in six years

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What is the price of a stock expected to be in 6 years if the stock is expected to pay a dividend every year forever, the expected return for the stock is 13.77 percent per year, the next dividend is expected in 1 year, the next dividend is expected to be 6.25 dollars, and all subsequent dividends are expected to grow by 2.47 percent per year?

Reference no: EM132010436

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