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2. A broker recommends a stock that is now selling at $86 a share and paying no dividend. The broker thinks that the stock will
2. A broker recommends a stock that is now selling at $86 a share and paying no dividend. The broker thinks that the stock will go up by 9 to 12 percent per year (APY is 9 to 12 percent). If so, what will be its price range in five years?
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