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A stock is expected to pay a dividend of $2.50 at the end of the year (i.e,D1=$2.50 ), and it should continue to grow at

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A stock is expected to pay a dividend of $2.50 at the end of the year (i.e,D1=$2.50 ), and it should continue to grow at a constant rate of 9% a year. If its required retum is 15%, what is the stock's expected price 3 years from today? Do not round intermediate calculations. Round your answer to the nearest cent. $

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