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36. What is the price of a stock expected to be in 4 years if the stock is expected to pay a dividend every year
36. What is the price of a stock expected to be in 4 years if the stock is expected to pay a dividend every year forever, the expected return for the stock is 15.61 percent per year, the next dividend is expected in 1 year, the next dividend is expected to be 8.21 dollars, and all subsequent dividends are expected to grow by 4.19 percent per year?
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