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Emmett is examining the stock of Piperquin, Inc., and has been asked to estimate a future price. The firm just paid a dividend of $2.15,

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Emmett is examining the stock of Piperquin, Inc., and has been asked to estimate a future price. The firm just paid a dividend of $2.15, which is expected to grow at 4.1%, and Emmett has also calculated the required rate of return as 18.7%. If these assumptions hold, what should the stock sell for in 8 years? Select one: a. $15.96 b. insufficient information to determine c. $15.33 d. $14.73 e. $21.14 f. $15.03

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