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Med-Corp has a current stock price of $36, and its last dividend (D0) was $2.40....

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Finance

Med-Corp has a current stock price of $36, and its last dividend (D0) was $2.40. In view of MCA's strong financial position, its required rate of return is 10 percent. If MCA's dividends are expected to grow at a 5% constant rate in the future, what is the firm's expected stock price in five years?

Show all calculations on an Excel sheet and using formulas.

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