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1. Black Inc.'s stock currently sells for $35.25 per share.The dividend is projected to increase at a constant rate of 4.75% per year.The required rate

1.Black Inc.'s stock currently sells for $35.25 per share.The dividend is projected to increase at a constant rate of 4.75% per year.The required rate of return on the stock is 11.50%.What is the stock's expected price 5 years from now?

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