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You expect the price of MU Corporation stock to be $45 in 5 years. You also expect dividends to increase at an annual rate of

You expect the price of MU Corporation stock to be $45 in 5 years. You also expect dividends to increase at an annual rate of 10 percent from the most recent dividend of $1.00. If your required rate of return is 15 percent, how much are you willing to pay for Mu Corp's stock?

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