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XYZ Company just paid a dividend of $1.25 (D0-$1.25). The dividend is expected to grow at a constant rate of 8%. The required rate of

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XYZ Company just paid a dividend of $1.25 (D0-\$1.25). The dividend is expected to grow at a constant rate of 8%. The required rate of return is 11.50%. What is the expected price of XYZ's stock in Year 5 (i.e., FID P5)? [NOTE: Round dividend to nearest penny before calculating price.] 538.17 $52.96 55657 359.68

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