Use the Constant Dividend Growth Model to compute the expected price of a stock in...
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Finance
Use the Constant Dividend Growth Model to compute the expected price of a stock in 2 years. Each share is expected to pay a dividend of $6.27 in one year. Investors' annual required rate of return is 16.5%, and the expected growth rate of the dividend is 4.1% per annum. Answer to the nearest penny.
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