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Greene, Inc. stock is selling for$51. It just paid its annual dividend of$5 per share and investors require a12% return. According to the Dividend GrowthModel,
Greene, Inc. stock is selling for$51. It just paid its annual dividend of$5 per share and investors require a12% return. According to the Dividend GrowthModel, what should be the stock price three years from now if the company could immediately double its growthrate? (to the nearestpenny)
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