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1b) Microsoft just paid dividend of $ 3.02 (Do). Dividend will grow 0.06 at constant rate (g). The cost of equity (Rs or stock risk)

1b) Microsoft just paid dividend of $ 3.02 (Do). Dividend will grow 0.06 at constant rate (g). The cost of equity (Rs or stock risk) is 0.09. What is the stock price one year from now (P1) ?

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