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A stock is trading at $45 per share. The stock is expected to have a year-end dividend of $2 per share (0 - $2), and

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A stock is trading at $45 per share. The stock is expected to have a year-end dividend of $2 per share (0 - $2), and it is expected to grow at some constant rates, throughout time. The stock's required rate of return is 16% (assume the market is in equilibrium with the required return equal to the expected return). What is your forecast of 9.7 Do not round intermediate calculations. Round the answer to tyo decimal places

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