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Hoosier Electronics stock is currently priced at $18 per share. An investment expects the stock to pay the following dividends over the next 3

 

Hoosier Electronics stock is currently priced at $18 per share. An investment expects the stock to pay the following dividends over the next 3 years: YEAR DIVIDEND 1 $1.00 2 $1.25 3 $1.50 An investor would like a 10% annual return over the next 3 years. To achieve this return, what will Hoosier Electronics stock need to sell for in exactly 3 years?

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