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If analysts expect Company X to pay a dividend of d 1 = 1 per share of equity held next period, what is the price
If analysts expect Company X to pay a dividend of d 1 = 1 per share of equity held next period, what is the price of a share if dividends are expected to grow at a rate of 3% into the future and the opportunity cost of capital is given by a discount rate of 5%? (round your answer to the nearest whole number)
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