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Cashway Lumber recently paid a $0.90 dividend. Dividends are expected to grow at 8 percent per year for the foreseeable future. The required rate of

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Cashway Lumber recently paid a $0.90 dividend. Dividends are expected to grow at 8 percent per year for the foreseeable future. The required rate of return for their stock is 11 percent. Round your answers to two decimals. What is the current price of their stock? What will the price of their stock be nine years from now

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