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Waters Corporation's stock dividend is expected to be $2 a share (D1 =$2.00 ). The stock's required rate of return is 15% and the stock's

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Waters Corporation's stock dividend is expected to be $2 a share (D1 =$2.00 ). The stock's required rate of return is 15% and the stock's dividend is expected to grow at the same constant rate of 5% forever. What is the expected price of the stock five years from now? $28.45 $25.53 $30.82 $23.26

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