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What price should the stock sell for five years

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Reference no: EM132469103

Question 1: Santa Klaus Toys just paid a dividend of $3.70 per share. The required return is 10.6 percent and the perpetual dividend growth rate is 3.7 percent. What price should this stock sell for five years from today?

option 1: $62.01

option 2: $66.68

option 3: $53.62

option 4: $69.15

option 5: $64.31

Reference no: EM132469103

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