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A company announces to pay constant annual dividends of $5.00 and you calculate the price of the stock as $62.50 based on the dividends. You

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A company announces to pay constant annual dividends of $5.00 and you calculate the price of the stock as $62.50 based on the dividends. You expect the required rate of retum and dividends will stay the same in the future. What do you expect the price of the stock will be 10 years from now? $65.00 $60.00 $67.50 562.50 $60.63

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