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The price of a stock at year 4 can be expressed as: D_1 times (1 + R)^5. D_S f(R - g) D_O f(R + g)

The price of a stock at year 4 can be expressed as: D_1 times (1 + R)^5. D_S f(R - g) D_O f(R + g) D_4 f(R - g) D_O times (1 + R)^5

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