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Problem 8-4 Mitech Corp's stock price has been growing at approximately 10% for several years and is now $26. Based on past growth rate performance,

Problem 8-4

Mitech Corp's stock price has been growing at approximately 10% for several years and is now $26. Based on past growth rate performance, what would you expect the stock's price to be in six years? Round the answer to two decimal places. Do not round your intermediate calculations.

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