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Neville bought a growth stock for $4.00 per share today.He does not expect any dividends but expects an annual growth of 18% in capital gain
Neville bought a growth stock for $4.00 per share today.He does not expect any dividends but expects an annual growth of 18% in capital gain each year.If his predictions are correct, what will the stock sell for in 3 years?
This is a time value of money question. If you can show the step by step, please. Thank you.
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