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Question 7 Company D is expected to pay a $4.69 dividend at the end of the 5th year. You expect Company D's dividend to grow

Question 7

Company D is expected to pay a $4.69 dividend at the end of the 5th year. You expect Company D's dividend to grow by 2.09% per year forever. Company D's equity cost of capital is 8.84%. 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 5.68. Do not use Excel

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