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Intro A stock just paid an annual dividend of $5. The dividend is expected to grow by 5% per year for the next 4 years.

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Intro A stock just paid an annual dividend of $5. The dividend is expected to grow by 5% per year for the next 4 years. In 4 years, the P/E ratio is expected to be 19 and the payout ratio to be 60%. The required rate of return is 8%. 18 Attempt 2/5 for 10 pts. Part 1 What should be the current stock price? + decimals Submit

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