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Newton Inc. paid a dividend of $2.00 on its common stock yesterday. The dividends are expected to grow at 6% per year indefinitely. If the

Newton Inc. paid a dividend of $2.00 on its common stock yesterday. The dividends are expected to grow at 6% per year indefinitely. If the required rate of return is 10%, estimate the value of Newton Inc. stock 2 years from now.

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