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Smith Inc. is expected to pay dividend of $2.0 at the end year. Given its required rate of return of 12%, the dividend yield of

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Smith Inc. is expected to pay dividend of $2.0 at the end year. Given its required rate of return of 12%, the dividend yield of 5%. Assuming the growth rate is expected to be constant in the future. What will its expected stock price be in year 5? 1) $35.78 2) $56.10. 3) $44.56 4) Do not have enough information

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