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Given the following information, what is the stock price in period 1? Todays Dividend = $4.70 Expected Growth rate in dividends = 4.56 Discount Rate

Given the following information, what is the stock price in period 1? Todays Dividend = $4.70 Expected Growth rate in dividends = 4.56 Discount Rate (Required return) = 6.87 Calculate your answer to the nearest penny (e.g., 2.51)

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