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A company has just paid a dividend of $2 per share. Dividends are expected to increase at 5% per year forever. The expected return is

A company has just paid a dividend of $2 per share. Dividends are expected to increase at 5% per year forever. The expected return is 10%.

1. What is the current price of the stock? 2. What is the estimated stock price in 3years?

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