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40. The Ehrhardt Company's last dividend was $6.00. The dividend growth rate per year, for the first 2 years after which dividends are expected to

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40. The Ehrhardt Company's last dividend was $6.00. The dividend growth rate per year, for the first 2 years after which dividends are expected to grow at year, forever. Erhardt's required return ver. Erhardt's required return (ron equity is 15%. What is the expected price of Erhardt's stock two years from now after the second year's dividend is pate e dividend growth rate is expected to be 3% vidends are expected to grow at a rate of 5%, per

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