The stocks required return is 9 and the dividend is


If Swenson Co.'s stock price is $50 per share, and its expected year-end dividend is $2.00 a share (D1 = $2.00). The stock's required return is 9%, and the dividend is expected to grow at a constant rate forever. What is the expected price of the stock 3 years from now?

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Finance Basics: The stocks required return is 9 and the dividend is
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