The expected price of the stock at the fourth year is 95


A stock is currently sold at $60 per share. It is expected to pay $5 in two years, $6 at the end of thrid 7) year and $6.5 for the fourth year. The expected price of the stock at the fourth year is $95. What is the market required interest rate?

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Financial Management: The expected price of the stock at the fourth year is 95
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