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SOSU Inc. paid a dividend of $1.50 on its common stock yesterday. The dividends are expected to grow at 6% per year indefinitely. If the

SOSU Inc. paid a dividend of $1.50 on its common stock yesterday. The dividends are expected to grow at 6% per year indefinitely. If the 10-year Treasury bond yield is 2%, IMC stock beta is 1.2, and market risk premium is 10%, estimate the value of IMC stock 2 years from now.

Please do not use financial calculator and excel.

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