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A stock is expected to pay annual dividends forever. The first dividend is expected in 1 year and all subsequent annual dividends are expected to
A stock is expected to pay annual dividends forever. The first dividend is expected in 1 year and all subsequent annual dividends are expected to grow at a constant rate annually. We know that the dividend expected in 2 years from today is $6.50 and the dividend expected in 5 years from today is expected to be $6.97. What is the dividend expected to be in 3 years from today?(Round the value to 100th decimal)
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