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4) ( 6 points) Macy & Co.'s stock has just paid its annual dividend $2.10 per share. Analysts believe that Macy will maintain its historic

4) ( 6 points) Macy \& Co.'s stock has just paid its annual dividend $2.10 per share. Analysts believe that Macy will maintain its historic dividend growth rate of 5%. If the required return is 8%, what is the expected price of the stock next year

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