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Company A announced that its current dividend is 54 per share (Do-54). The dividend is expected to grow at a constant rate of 5 percent

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Company A announced that its current dividend is 54 per share (Do-54). The dividend is expected to grow at a constant rate of 5 percent a year for the next 2 years and it will be 2 percent thereafter. Required rate of return is equal to 8%. What is the expected price of the stock at the end of the first year? (Answer is rounded) Yanitiniz: O 74 33 25 55

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