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Given the following information, what is the stock price in period 1? Today's Dividend = $3.11 Expected Growth rate in dividends 4.53 = Discount Rate

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Given the following information, what is the stock price in period 1? Today's Dividend = $3.11 Expected Growth rate in dividends 4.53 = Discount Rate (Required return) 9.49 Calculate your answer to the nearest penny (e.g., 2.51)

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