Question $3(5$ points$)$

ABC stock just paid $$4\mathrm{.}75$ in dividends per share. If the required return is $7\mathrm{.}75\%$ and

the dividends are expected to grow at $2\mathrm{.}4\%,$ what is the expected value of this stock

in $11$ years?

$($Round your answer to the nearest hundredth; two decimal places$)$

Your Answer:

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