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A stock's dividend is expected to grow at a constant rate of 6% per year indefinitely. The current price of the stock is $35 per
A stock's dividend is expected to grow at a constant rate of 6% per year indefinitely. The current price of the stock is $35 per share. The estimated price per share 5 years from today is $___________.
Rounding and Formatting: Do not enter a dollar sign in your response. Round your answer to 2 decimal places. Example: If your answer is $12.34567, you should enter 12.35 as your response.
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