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What is the price of a stock in 5 years, P 5 . We just paid a dividend of $ 2 . 2 0 an

What is the price of a stock in

5

years, P

5 .

We just paid a dividend of $

2.20

an dthe growth rate is

4 % .

The required return is

12 % .

What is the price of the stock in five years?

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