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Crisp Cookware's common stock is expected to pay a dividend of $3 a share at the end of this year (D1=53,00); its beta is 0.6

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Crisp Cookware's common stock is expected to pay a dividend of $3 a share at the end of this year (D1=53,00); its beta is 0.6 . The risk-free rate is 4.7% and the market risk premium is 4%6. The dividend is expected to grow at some constant rate, 96 , and the stock currently selis for $50 a share. Assuming the market is in equlibrium, what does the market believe will be the stock's price at the end of 3 years (1.e., what is P^3 )? Do not round intermediate calculations. Round your answer to the nearest cent. 5

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