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A stock will pay no dividends for the next 3 years.Four years from now, the stock is expected to pay its first dividend in the

A stock will pay no dividends for the next 3 years.Four years from now, the stock is expected to pay its first dividend in the amount of $2.2.It is expected to pay a dividend of $2.9 exactly five years from now.The dividend is expected to grow at a rate of 6% per year forever after that point.The required return on the stock is 12%.The stock's estimated price per share exactly TWO years from now, P2, should be $______.

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