A stock is expected to pay a dividend of 2 the end of the


A stock is expected to pay a dividend of $2 the end of the year (that is, D1=$2), and it should continue to grow at a constant rate of 4% a year. If its required return is 13%, what is the stock's expected price 3 year from today?

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Finance Basics: A stock is expected to pay a dividend of 2 the end of the
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