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Grounds Maintenance is expected to pay a dividend of $1.85 nextyear, and dividends are expected to grow at 2.75% per year. Therequired return is 7%.

Grounds Maintenance is expected to pay a dividend of $1.85 nextyear, and dividends are expected to grow at 2.75% per year. Therequired return is 7%. What is the price of the stock in year8? 2 answers

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