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A stock is expected to pay a dividend of $2 per share in one year and every year after that indefinitely. Suppose the current price
A stock is expected to pay a dividend of $2 per share in one year and every year after that indefinitely. Suppose the current price of the stock is $80 and the equity cost of capital for the company that released the shares is 11%. What price would an investor be expected to pay per share 10 years from now?
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