The current price of a stock is $75.51. If dividends are expected to be $1.20 per share for the next five years, and the required rate of return is 6%, then what should the price of the stock be in 5 years when you plan to sell it? Fully explain with the use of this equation below and explain the calculations to solve this problem:

where (1 ke)2 (1 ko)" (1 kc)" (1 ke P the price of the stock in period n D the dividend paid at the end of year i (2)