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Company D is expected to pay a $2.14 dividend at the end of the 6th year. You expect Company D's dividend to grow by 1.75%
Company D is expected to pay a $2.14 dividend at the end of the 6th year. You expect Company D's dividend to grow by 1.75% per year forever. Company D's equity cost of capital is 12.66%. What should be the price of the stock today? NOTE: Enter the number rounding to two decimals. If your answer is $5.6786, your answer must be 5.68.
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