What is the stocks expected price 1 years from


A stock is expected to pay a dividend of $2.50 at the end of the year (i.e., D_1 = $2.50), and it should continue to grow at a constant rate of 3% a year. If its required return is 13%, what is the stock's expected price 1 years from today? Do not round your intermediate calculations. $

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Financial Management: What is the stocks expected price 1 years from
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