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The common stock of Royal Ranch House is selling for $17.58. The firm pays dividends that are expected to grow at a rate of 5.00%

The common stock of Royal Ranch House is selling for $17.58. The firm pays dividends that are expected to grow at a rate of 5.00% indefinitely. Your investment horizon is 12 years. What do you estimate the price of Royal Ranch House stock will be at that time?

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