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with step and formual 10-5 Problem 10-11 Valuation of a constant growth stock AStock is expected to pay a dividend of $2.25 the end of
with step and formual 10-5 Problem 10-11 Valuation of a constant growth stock AStock is expected to pay a dividend of $2.25 the end of the year that is, D1=$2.25 and it should continue to grow at a constant rate of 10% a year. If its required return is 12%, what is the stock's expected price 4 years from today? Round your answer to two deamal places
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