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The expected dividend of the Heatherington Co. is $2.70 per hare at the end of the first year, $4.10 per share at the end of
The expected dividend of the Heatherington Co. is $2.70 per hare at the end of the first year, $4.10 per share at the end of the second year, and $5.70 per share at the end of the third year. The required rate of return is 10.50%. If the current stock price is $90.00, what is the expected stock price at the end of the third year?
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