What should the price of the stock

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The current price of a stock is $75.51. If dividends are expected to be $1.20 per share for the next five years, and the required rate of return is 6%, then what should the price of the stock be in 5 years when you plan to sell it? Fully explain which equation from the text you would use to solve this problem and explain the calculations you did to solve the problem.

Reference no: EM131464465

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