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Use the Dividend Discount Model to compute the expected price of a stock in 2 years. Each share is expected to pay a dividend of
Use the Dividend Discount Model to compute the expected price of a stock in 2 years. Each share is expected to pay a dividend of $1.83 in one year. Investors' annual required rate of return is 21.1%, and the expected growth rate of the dividend is 4.4% per annum. Answer to the nearest penny
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