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Hospital Corporation of America ( HCA ) has a current price for its class A common stock of $ 3 6 . 0 0 per

Hospital Corporation of America (HCA) has a current price for its class A common stock
of $36.00 per share and it just recently paid out a dividend of $2.40 per share. Given the
current strong financial position of the company, its required market rate of return is
12%. If HCA's dividends are expected to grow at a constant rate in the future, what
would be the company's expected stock price in five (5) years?
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