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Determine the stock price for the next five years, the annual dividends on a stock are expected to be $.80, $1.10, $1.40, $1.65, and $2.0.
Determine the stock price for the next five years, the annual dividends on a stock are expected to be $.80, $1.10, $1.40, $1.65, and $2.0. The stock price is expected to be $18.00 at the end of five years. If the required rate of return on the stock is 18%, what is the estimated value of a stock?
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