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The current price of a stock is $53.19. If dividends are expected to be $0.80 per share for the next five years, and the required

The current price of a stock is $53.19. If dividends are expected to be $0.80 per share for the next five years, and the required return is 7%, then what should the price of the stock be in 5 years when you plan to sell it?

The price 5 years from now will be $?. (Round your response to the nearest dollar.)

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