What is the expected price of stock by the end of year three
Problem
The stock Y just paid a dividend of $3.20 this morning. The stock is currently trading at $76.30, and the required rate of return is 11.3%. Under these circumstances, what is the expected price of this stock by the end of Year 3?
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The stock Y just paid a dividend of $3.20 this morning. The stock is currently trading at $76.30. What is the expected price of this stock by the end of Year 3?
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