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Damon Enterprises' stock is currently sells for $25 per share. The stock?s dividend is projected to increase at a constant rate of 7% per year.

Damon Enterprises' stock is 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, rs, is 10%. What is Damon's expected price 4 years from today?

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