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7. Problem 9.11 Click here to read the eBook: Constant Growth Stocks VALUATION OF A CONSTANT GROWTH STOCK A stock is expected to pay a

7. Problem 9.11 Click here to read the eBook: Constant Growth Stocks VALUATION OF A CONSTANT GROWTH STOCK A stock is expected to pay a dividend of $0.75 at the end of the year (i.e., D1 = $0.75), and it should continue to grow at a constant rate of 6% a year. If its required return is 13%, what is the stock's expected price 4 years from today? Round your answer to two decimal places. Do not round your intermediate calculations. $ Grade it Now Save & Continue

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