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The Company expects to announce their annual dividend of $ 3.48 next year. The company promises to increase its dividends at 3.14 % perpetually .

The Company expects to announce their annual dividend of $ 3.48 next year. The company promises to increase its dividends at 3.14 % perpetually. You make an offer to purchase the stock so that you earn 11.63 %. If market conditions remain stable what do you anticipate the stock should sell for after 6 years?

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