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Harrods In.c is expected to pay a dividend of $3.25 per share, one year from now. After that, investors believe that the dividends will grow

Harrods In.c is expected to pay a dividend of $3.25 per share, one year from now. After that, investors believe that the dividends will grow at a constant rate 4% per year. The required rate of return on this stock is 15%.

a) What is the stocks current price?
b) What is the stocks expected price 5 years from now?

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