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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
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 4.5% thereafter. The required return on this low-risk stock is 11.3%. What is the best estimate of the stock at year 6?
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