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A share of stock pays a constantly growing (end-of-the-year) dividend. If the stock sells for $146.06/share today, the dividend yield is 9.28%, and the total
A share of stock pays a constantly growing (end-of-the-year) dividend. If the stock sells for $146.06/share today, the dividend yield is 9.28%, and the total return required by investors (in the stock) is -5.8%, at what price should each share sell in exactly 3 years (at t=3). (Answer to the nearest $0.01)
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