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PLEASE SHOW HOW YOU ARRIVED AT ANSWER. THANK YOU The current price (Po) of a stock is $20.00 a share and the year- end dividend

PLEASE SHOW HOW YOU ARRIVED AT ANSWER. THANK YOU

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The current price (Po) of a stock is $20.00 a share and the year- end dividend is expected to be $2 a share (D1 = $2). The required rate of return on the stock is 15.00 % and its dividend is expected to grow at a constant rate forever. What is the expected price of this stock 7 years from now

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