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A stock is expected to pay a dividend of $4.0 one year from now, and the same amount every year thereafter. The stock's required return (indefinitely) is expected to be 9.1%. The stock's predicted price exactly 5 years from now, P5, should be $_______________. Do not round any intermediate work, but round your final answer to 2 decimal places (ex: $12.34567 should be entered as 12.35).

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Financial Management, Finance

Category:- Financial Management
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