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NIJVLI. U 1 0 0 84. A stock is presently trading for $36. It just paid a $4 dividend, and investors require an 18% return

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NIJVLI. U 1 0 0 84. A stock is presently trading for $36. It just paid a $4 dividend, and investors require an 18% return on this stock. According to the Dividend Growth Model, what should be the price of this stock two years from now? Answer: $40.60

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