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Sarfraz Inc. currently has a stock price of $20 a share. The stocks year-end dividend is expected to be $2 a share (i.e., D 1

Sarfraz Inc. currently has a stock price of $20 a share. The stocks year-end dividend is expected to be $2 a share (i.e., D1 = $2.00). The stocks required rate of return is 15% and the stocks dividend is expected to grow at the same constant rate forever. What is the expected price of the stock seven years from now?

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