Question $4$

A stock is currently priced at $$34.$ Its dividend is expected to grow at a rate

of $5\mathrm{.}5\%$ per year indefinitely. The stock's required return is $9\mathrm{.}8\%.$ The

stock's predicted price $7$ years from now, $P7,$ should be $

Margin of error for correct responses: $+/-.05$

Rounding and Formatting instructions:

Do not enter dollar signs, percent signs, commas, $x,$ or any words in your

response. Do not round any intermediate work, but round your

response to $2$ decimal places $($example: if your answer is $12\mathrm{.}3456,12\mathrm{.}3456\%,$

or $$12\mathrm{.}3456,$ you should enter $12\mathrm{.}35).$