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Given the following information, what is the stock price in period 2? Todays Dividend = $4.53 Expected Growth rate in dividends = 3.86 Discount Rate

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

Todays Dividend =	$4.53
Expected Growth rate in dividends =	3.86
Discount Rate (Required return) =	9.03

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

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