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A stock is currently priced at $23.0. Its dividend is expected to grow at a rate of 5.1% per year indefinitely. The stock's required return
A stock is currently priced at $23.0. Its dividend is expected to grow at a rate of 5.1% per year indefinitely. The stock's required return is 8.8%. The stock's predicted price 3 years from now, P3, should be $ Margin of error for correct responses: + / - .05 Rounding and Formatting instructions: Do not enter dollar signs, percent signs, commas, X, or any words in your response. Do not round any intermediate work, but round your "final" response to 2 decimal places (example: if your answer is 12.3456,12.3456%, or $12.3456, you should enter 12.35 )
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