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Swanson Company's long-run dividend growth rate is expected to be 8 percent (g). If the required return (r s ) for Swanson is 16%, and

Swanson Company's long-run dividend growth rate is expected to be 8 percent (g). If the required return (r_s) for Swanson is 16%, and the most recent dividend (D₀) was $2.00, what is the most likely Swanson's stock price two years from now?

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