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The stockholder s expected return is 8 % and the stock is expected to pay dividend of $ 3 with a growth rate of 5

The stockholders expected return is 8% and the stock is expected to pay dividend of $3 with a growth rate of 5%. How much is the dividend expected to be three years from now? (Hint: D3= D2*(1+g)= D1*(1+g)2)

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