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A stock is expected to pay $4 per share every year indefinitely. The current price of the stock is $750. The equity cost of capital
A stock is expected to pay $4 per share every year indefinitely. The current price of the stock is $750. The equity cost of capital for the company is 10%. What price would an investor be expected to pay per share 3 years into the future? Note: Express your answers in strictly numerical terms. For example, if the answer is $500, enter 500 as an answer.
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