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Assume Highline Company has just paid an annual dividend of $0.95. Analysts are predicting an 10.4% per year growth rate in earnings over the next

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Assume Highline Company has just paid an annual dividend of $0.95. Analysts are predicting an 10.4% 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 5.1% per year. TH a nesequity cost of capital is 93% per year ard its i end payout ratio remains constant, for what price does the dividend-discount model predict Highline stock should sell? The value of Highline's stock is S(Round to the nearest cent)

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