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Suppose a company's current stock price is $50 per share, and it has a dividend yield of 3%. If the company plans to increase its

Suppose a company's current stock price is $50 per share, and it has a dividend yield of 3%. If the company plans to increase its dividend by 5% annually, what is the expected stock price in 5 years? Assume that the required rate of return on the stock is 8%.

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