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A stock just paid a dividend of $6.00. Its dividend is expected to grow by 4% over the next year, and it is thought that
A stock just paid a dividend of $6.00. Its dividend is expected to grow by 4% over the next year, and it is thought that this company will be able to maintain this 4% dividend growth rate indefinitely. If the required return for this stock is 12%, what is the price of this companys stock expected to be three years from now?
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