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Given the following information, what is the stock price in period 1 ? Todays Dividend = $4.37 Expected Growth rate in dividends = 3.24 Discount

Given the following information, what is the stock price in period 1?

Todays Dividend =

$4.37

Expected Growth rate in dividends =

3.24

Discount Rate (Required return) =

5.75

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

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