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paid a dividend of $1.60 on its common stock yesterday. The dividends are expected to grow at 6% per year indefinitely. If the 10-year Treasury

  1. paid a dividend of $1.60 on its common stock yesterday. The dividends are expected to grow at 6% per year indefinitely. If the 10-year Treasury bond yield is 3%, IMC stock beta is 12, and market rate of return is 11%, estimate the value of IMC stock 3 years from now.

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