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VALUATION OF A CONSTANT GROWTH STOCKA stock is expected to pay a dividend of $ 2 . 7 5 at the end of the year

VALUATION OF A CONSTANT GROWTH STOCKA stock is expected to pay a dividend of $2.75 at the end of the year (i.e., D15 $2.75), and it should continue to grow at a constant rate of 5% a year. If its required return is 15%, what is the stocks expected price 4 years from today?

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