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Safeco is expected to pay a dividend of $1.50 next year and $2.00 in the following year, and $2.50 in the following year. Analysts believe
Safeco is expected to pay a dividend of $1.50 next year and $2.00 in the following year, and $2.50 in the following year. Analysts believe that Safeco will hit their price target of $85.75 in three years. What is the value of Safeco stock if your required return is 8.5 percent?
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