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The Company dividend appears to grow smoothly at a constant rate of 5.5%. Analysts forecast that next years dividend should equal $3.8. Investors require 14%
The Company dividend appears to grow smoothly at a constant rate of 5.5%. Analysts forecast that next years dividend should equal $3.8. Investors require 14% return on this class of stock. What would be the price in 7 years? Use annual compounding.
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