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XYZ co has just paid an annual dividend of $1.00. Analysts are predicting a 4.0% per year growth rate in the earnings through the foreseeable

XYZ co has just paid an annual dividend of $1.00. Analysts are predicting a 4.0% per year growth rate in the earnings through the foreseeable future? If XYZ co's cost of capital is 9.0% and its dividend payout ratio remains constant, what should the stock sell for? Be sure to draw a timeline.

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