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What stock price is expected one year from now

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Campbell Manufacturing's stock currently sells for $24.54 a share. The stock just paid a dividend of $3.50 a share (i.e.,D0). The dividend is expected to grow at a constant rate of 9% a year. What stock price is expected one year from now (P1)? Round your answer to two decimal places.

Reference no: EM132346967

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