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Damon Enterprise's stock currently sells for $ 2 5 per share. The stock's dividend is projected to increase at a constant rate of 7 %

Damon Enterprise's stock currently sells for $

25

per share. The stock's dividend is projected to increase at a constant rate of

7 %

per year. The required rate of return on the stock is

10 % .

What is Damon's expected price

4

years from today?

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