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Ocala Company's stock is currently selling for $19.50 per share. At the end of the year, the company plans to pay a dividend equal to $2.34 per share. For the remainder of the company's life, dividends are expected to grow at a constant rate, and investors are expected to require a 16 percent return to invest in Ocala's stock. What should be the value of Ocala's stock five years from now?

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Category:- Basic Finance
Reference No.:- M92203854

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