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11. Roll the Dice, a company that produces casino-related products, just issued a $2.50 dividend....

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Finance

11. Roll the Dice, a company that produces casino-related products, just issued a $2.50 dividend. It expects that dividends will grow at a rate of 3% per year indefinitely. If the rate of return is 7%, what is the price of the stock today? What will it be in 10 years?

Price Today:

Price in 10 years:

:

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