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Based on its perceived riskiness, the annual required rate of return is 13.1% for shares of Cyberdyne Inc. The company just paid their annual dividend
Based on its perceived riskiness, the annual required rate of return is 13.1% for shares of Cyberdyne Inc. The company just paid their annual dividend of $11.60 a share. Analysts predict that the dividend will grow at an annual rate of 6.8%. What is the estimated price of the stock in 7 years, using the Dividend Discount Model? Answer to the nearest penny
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