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please help me with this question:) thank you! A stock is expected to pay a dividend of $0.50 at the end of the year (i.e.,
please help me with this question:)
A stock is expected to pay a dividend of $0.50 at the end of the year (i.e., D1=$0.50 ), and it should continue to grow at a constant rate of 7% a year. If its required return is 13%, what is the stock's expected price 5 years from today? Do not round intermediate calculations. Round your answer to the nearest cent thank you!
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