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5. Apex Co. stock just paid $1.00 dividend per share. The market expects that the dividend will grow at 2% annually forever. Assuming a required

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5. Apex Co. stock just paid $1.00 dividend per share. The market expects that the dividend will grow at 2% annually forever. Assuming a required return of 8% p.a., how much is the value of the stock in two years? (round to 4 decimals)

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