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Question 7 A stock is expected to pay a dividend of $ 1 . 1 one year from now, $ 1 . 7 two years

Question 7
A stock is expected to pay a dividend of $1.1 one year from now, $1.7
two years from now, and $2.2 three years from now. The growth rate
in dividends after that point is expected to be 8% annually. The
required return on the stock is 14%. The estimated price per share of
the stock six years from now should be $
Margin of error for correct responses: +/-.10
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
final* response to 2 decimal places (example: if your answer is
12.3456,12.3456%, or $12.3456, you should enter 12.35).
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