What price should each share sell in exactly three years

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Problem 1: A share of stock pays a constantly growing (end-of-the-year) dividend. If the stock sells for $71.27/share today, the dividend yield is 2.82%, and the total return required by investors (in the stock) is 2.90%, at what price should each share sell in exactly 3 years (at t=3).

Reference no: EM133002114

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