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A stock is expected to pay annual dividends forever. The first dividend is expected in 1 year and all subsequent annual dividends are expected to grow at a constant rate annually. The dividend expected in 4 years from today is 16.31 dollars and the dividend expected in 13 years from today is expected to be 19.82 dollars. What is the dividend expected to be in 7 years from today?

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Financial Management, Finance

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