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A stock is expected to have a dividend per share of $0.60 at the end of the year. (D1 = 0.60). The dividend is expected

A stock is expected to have a dividend per share of $0.60 at the end of the year. (D1 = 0.60). The dividend is expected to grow at a constant rate of 7% per year. And the stock has a required return of 12%. What is the expected price of the stock five years from today?

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