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Q. EMU, Inc. just paid a dividend of $3.75 per share on its stock. The dividends are expected to grow at a constant rate of
Q. EMU, Inc. just paid a dividend of $3.75 per share on its stock. The dividends are expected to grow at a constant rate of 5% per year, forever. If the investors require a rate of return of 9.25%, what will the stocks price be in 6 years? Round to the nearest $0.01
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