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LMNO Company uses a required expected return of 14 percent. Because the dividend expected to be received in one year is $2 and the expected
LMNO Company uses a required expected return of 14 percent. Because the dividend expected to be received in one year is $2 and the expected growth rate of dividends is 10%, the dividend expected to be received in two years from now, D2, is $2.20. Based on the dividend growth model, what is the expected stock price one year from now?
Round to the nearest dollar and format as "XX"
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