What is the stock expected price for given years

Reference no: EM131931478

Question: ABC Enterprises' stock is currently selling for $69.9 per share. The dividend is projected to increase at a constant rate of 8% per year. The required rate of return on the stock is 12%. What is the stock's expected price 5 years from today (i.e. solve for P5)?

Reference no: EM131931478

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