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App Holdings is expected to pay dividends of $1.50 every six months for the next three years. If the current price of App Holdings stock

App Holdings is expected to pay dividends of $1.50 every six months for the next three years. If the current price of App Holdings stock is $22.60, and App Holdings' equity cost of capital is 18%, what price would you expect App Holdings' stock to sell for at the end of three years?

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