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What will the price of this stock be 8 years from now

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Reference no: EM132171823

Booze Hound Lickers, Inc. has a policy where its annual dividend grows by 4 percent per year every year, and they intend to maintain this policy forever. Their most recent dividend was $1.14 and was paid this morning. The current price per share of this stock is $16.94. The required return on this stock is 11 percent. What will the price of this stock be 8 years from now?

Reference no: EM132171823

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