What is the stock expected price four years from today

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Reference no: EM132040497

A stock is expected to pay a dividend of $2.00 at the end of the year (i.e., D1 = $2.00), and it should continue to grow at a constant rate of 5% a year. If its required return is 12%, what is the stock's expected price 4 years from today? Round your answer to two decimal places. Do not round your intermediate calculations.

Reference no: EM132040497

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