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ARTIC Mining Ltd.'s stock is expected to pay an annual dividend of $0.80 per share indefinitely. If the stock is currently trading at a price
ARTIC Mining Ltd.'s stock is expected to pay an annual dividend of $0.80 per share indefinitely. If the stock is currently trading at a price of $18.90 per share, and the firm's equity cost of capital is 6.4%, what is the price per share that investors should be expected to pay in 5 years (into the future)?
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