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4. A common stock has just paid a dividend of $1.00 per share. If the expected long-run growth rate for this stock is 6% per
4. A common stock has just paid a dividend of $1.00 per share. If the expected long-run growth rate for this stock is 6% per year, and investors require an annual 10% rate of return, what should be the price of the stock after 2 years?
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