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3. A stock currently sells for $62.87 per share. The dividend is projected to increase at a constant rate of 7.2% per year. The

3. A stock currently sells for $62.87 per share. The dividend is projected to increase at a constant rate of 7.2% per year. The required rate of return on the stock is 9.60%. What is the stock's expected value 4 years from now?

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