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6. Problem 9.11 (Valuation of a Constant Growth Stock) ebook Astock is expected to pay a dividend of $2.50 at the end of the year

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6. Problem 9.11 (Valuation of a Constant Growth Stock) ebook Astock is expected to pay a dividend of $2.50 at the end of the year (ie, D. - $2.50), and it should continue to grow at a constant rate of 5% a year. If its required return is 13%, what is the stock's expected price 2 years from today? Do not round intermediate calculations. Round your answer to the nearest cent

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