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Check My Work (remaining) eBook Problem Walk Through A stock is expected to pay a dividend of $3.00 at the end of the year (.,
Check My Work (remaining) eBook Problem Walk Through A stock is expected to pay a dividend of $3.00 at the end of the year (., D. - $3.00), and it should continue to grow at a constant rate of 6% a year. If its required return is 14%, what is the stock's expected price 1 year from today? Do not round Intermediate calculations. Round your answer to the nearest cent. oooo
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