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Sky High Co. just paid a dividend of $3.9 per share on its stock (D0). The dividends are expected to grow at a constant rate
Sky High Co. just paid a dividend of $3.9 per share on its stock (D0). The dividends are expected to grow at a constant rate of 4 percent per year indefinitely. If investors require an 11.4 percent return on Sky High Co. stock, the stock price in 6 years should be $ _________ . Round it to two decimal places, and do not include the $ sign, e.g., 23.56
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