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ABC just purchased a stock for 21.43. If ABC expect the dividend in one year to be $ 2.25 and ABC expect it to grow
ABC just purchased a stock for 21.43. If ABC expect the dividend in one year to be $ 2.25 and ABC expect it to grow at a constant rate each year of 5%, for how much should ABC sell the stock in three years so that you will earn 15.5% RoR on the stock?
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