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Exercise 6 Connolly Co.'s expected year-end dividend is Di = $2.60, its required return is rs = 12.00%, its dividend yield is 8.00%, and its

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Exercise 6 Connolly Co.'s expected year-end dividend is Di = $2.60, its required return is rs = 12.00%, its dividend yield is 8.00%, and its growth rate is expected to be constant in the future. What is Connolly's expected stock price in 2 years? What could be the possible causes of rise in stock price? Discuss

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