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Given the following information, what is the stock price in period 2? Todays Dividend = $4.63 Expected Growth rate in dividends = 4.44 Discount Rate

Given the following information, what is the stock price in period 2?

Todays Dividend =	$4.63
Expected Growth rate in dividends =	4.44
Discount Rate (Required return) =	8.03

Calculate your answer to the nearest penny (e.g., 2.51)

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