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Mediocre Merchandise just paid its annual dividend of $1.78 per share. The required return is 10.6 percent and the dividend growth rate is 1.23 percent.

Mediocre Merchandise just paid its annual dividend of $1.78 per share. The required return is 10.6 percent and the dividend growth rate is 1.23 percent. What is the expected value of this stock five years from now? $22.05 21.19 $18.38 $20.24 $19.78

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