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You just purchased 200 shares of a company stock at $50 per share. The dividend is projected to increase at a constant rate of 4.50%
You just purchased 200 shares of a company stock at $50 per share. The dividend is projected to increase at a constant rate of 4.50% per year. The required rate of return on the stock is 8.00%. What is the stock's expected price 2 years from today? (Please use up to four decimal numbers for dividend parts in your calculation)
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