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A stock is currently priced at $ 3 5 . 4 . Its dividend is expected to grow at a rate of 5 . 5

A stock is currently priced at $35.4. Its dividend is expected to grow at a rate of 5.5% per year indefinitely. The stock's required return is 10.7%. The stock's predicted price 5 years from now, P5, 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).
Question 5
2pts
A stock is expected to pay the following dividends: $1.1 in 1 year, $1.6 in 2 years, and $2.1 in 3 years, followed by growth in the dividend of 6% per year forever after that point. The stock's required return is 12%. The stock's current price (Price at year 0) should be $
Margin of error for correct responses: +/-10
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