A stock is expected to pay a dividend of 030 at the end of


A stock is expected to pay a dividend of $0.30 at the end of the year (i.e., D1 = $0.30), and it should continue to grow at a constant rate of 7% a year. If its required return is 12%, what is the stock's expected price 5 years from today?

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Financial Management: A stock is expected to pay a dividend of 030 at the end of
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