What is the price of 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 8.93 percent per year, the next dividend is expected in 1 year, the next dividend is expected to be 2.23 dollars, and all subsequent dividends are expected to grow by 4.77 percent per year?

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Reference no: EM132010341

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