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The required rate of return is 15 percent. Ninex Corp. has just paid a dividend of $3.12 and is expected to increase its dividend at

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The required rate of return is 15 percent. Ninex Corp. has just paid a dividend of $3.12 and is expected to increase its dividend at a constant rate of 3 percent. What is the expected price of the stock three years from now? none of these $18.35 $21.7 $22 $20.66

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