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4. Bentley Manufacturing, Inc. has outstanding common stock outstanding and just paid a dividend of $3.25 (which implies that DIVo = $3.25). The stock's dividend

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4. Bentley Manufacturing, Inc. has outstanding common stock outstanding and just paid a dividend of $3.25 (which implies that DIVo = $3.25). The stock's dividend is projected to increase at a constant rate of 5% per year (g-5%). The required rate of return on the stock is 11% (r=0.11. Based on this information what is the expected price of Bentley's stock today (P.)? Also, since this is a constant growth stock, what will be the price of Bentley's common stock in three years (that is, what is P3, in 2023)

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