A stock is expected to pay a dividend of 150 at the end of, Ask an Expert

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A stock is expected to pay a dividend of $1.50 at the end of the year (i.e., D1 = $1.50), and it should continue to grow at a constant rate of 7% a year. If its required return is 12%, what is the stock's expected price 5 years from today? Round your answer to two decimal places. Do not round your intermediate calculations.

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Financial Management, Finance

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