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Question 4 5 pts A stock will not pay any dividends next year or two years from now. Three years from now, it is expected
Question 4 5 pts A stock will not pay any dividends next year or two years from now. Three years from now, it is expected to pay a dividend of $2.2, and then a dividend of $2.9 four years from now. The growth rate in dividends after that point is expected to be 6% annually. The required return on the stock is 15%. The estimated price per share of the stock 10 years from now should be $ ___. Do not round any intermediate work, but round your final answer to 2 decimal places (ex: $12.34567 should be entered as 12.35). Do not enter the $ sign. Margin of error for correct responses: +/-.10
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