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QUESTION 7 Company D is expected to pay a $2.61 dividend at the end of the 6th year. You expect Company D's dividend to

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QUESTION 7 Company D is expected to pay a $2.61 dividend at the end of the 6th year. You expect Company D's dividend to grow by 1.52% per year forever. Company D's equity cost of capital is 12.51%. What should be the price of the stock today? NOTE: Enter the number rounding to two decimals. If your answer is $5 6786 your answer must be co

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