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help Smart Industries will pay $3 dividend per share in year 1, $5 dividend per share in year 2, $6 per share in year 3,
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Smart Industries will pay $3 dividend per share in year 1, $5 dividend per share in year 2, $6 per share in year 3, and $6.5 in year 4, and then it grows at a constant rate of 4.7% thereafter. The required return on this low-risk stock is 7.3%. What is the best estimate of the stock at year 6? (if your price is $12.34, please just enter "12.34") Step by Step Solution
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