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2) Target Corp. (TGT) recently earned a profit of $4.44 earnings per share and has a P/E ratio of 21.3. The dividend has been growing
2) Target Corp. (TGT) recently earned a profit of $4.44 earnings per share and has a P/E ratio of 21.3. The dividend has been growing at a 13 percent rate over the past few years. If this growth continues, what would be the stock price in five years if the P/E ratio remained unchanged? What would the price be if the P/E ratio increased to 23 in five years?
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