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Assume Highline Company has just paid an annual dividend of $1.06. Analysts are predicting an 11.8% per your growth rato in earrings over the next

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Assume Highline Company has just paid an annual dividend of \$1.06. Analysts are predicting an 11.8% per your growth rato in earrings over the next fve yoors Ahar then thighiriz exrings ate expected to grow at the current industry average of 5.1% per year. If Highline's equity cost of capital is 7. .9. per yoar and is dividend payout rato romains constart for what prise dons the dividend-discount model predict Highline stock should seif? The value of Highline's stock is 5 (Round to the nearest cent.)

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