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Assume Highline Company has just paid an annual dividend of $ 0 . 9 6 $ 0 . 9 6 . Analysts are predicting an
Assume Highline Company has just paid an annual dividend of $ $ Analysts are predicting an per year growth rate in earnings over the next five years. After then, Highline's earnings are expected to grow at the current industry average of per year. If Highline's equity cost of capital is per year and its dividend payout ratio remains constant, for what price does the dividenddiscount model predict Highline stock should sell?
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