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28. A company has common stock which is expected to have a dividend of $2.59 at the end of year 5. At the end of

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28. A company has common stock which is expected to have a dividend of $2.59 at the end of year 5. At the end of year 5 , the stock is expected to have a dividend payout ratio of 43% and PE ratio of 11.94 times. What is price is predicted for this stock at the end of year 5 (i.e., what is the terminal value)? Enter your answer as a monetary amount rounded to four decimal places, but without the currency symbol. 32. Assume you require 10.8% return. A company has common stock with dividends forecast for the upcoming five years (years 1-5) as shown below. At the end of year 5, the stock is expected to have a dividend payout ratio of 22% and PE ratio of 10.50 times. What is the maximum price yon should nav for this stock at the present moment? Enter your answer as a monetary amount rounded to four decimal places, out wntour the currency symbol

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