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Fletcher Company's current stock price is $36, its last dividend was $2.40, and its required rate of return is 12%. If dividends are expected to

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Fletcher Company's current stock price is $36, its last dividend was $2.40, and its required rate of return is 12%. If dividends are expected to grow at a constant rate, g, what is Fletcher's expected stock price 4 years from now? (Round your answer to the nearest hundredth, have two decimal digits after decimal place)

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