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Use the Dividend Growth Model to compute the expected price of a stock in 3 years. Each share is expected to pay a dividend of

Use the Dividend Growth Model to compute the expected price of a stock in 3 years. Each share is expected to pay a dividend of $1.98 in one year. Investors' annual required rate of return is 13.5%, and the expected growth rate of the dividend is 3.3% per annum. Answer to the nearest penny

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