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A stock currently sells for $33.50 and its required rate of return is 15%. The dividend is expected to increase at a constant rate of
A stock currently sells for $33.50 and its required rate of return is 15%. The dividend is expected to increase at a constant rate of 7.5% per year. What is the stocks expected price 5 years from today? A.) 48.09 B.) 54.34 C.) 36.55 D.) 55.78 E.) 41.36
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