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Based on its perceived riskiness, the annual required rate of return is 14.8% for shares of Cyberdyne Inc. The company just paid their annual dividend
Based on its perceived riskiness, the annual required rate of return is 14.8% for shares of Cyberdyne Inc. The company just paid their annual dividend of $10.71 a share. Analysts predict that the dividend will grow at an annual rate of 7.4%. What is the estimated price of the stock in 6 years, using the Dividend Discount Model? Answer to the nearest penny.
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