What is the stocks expected price 3 years from


A stock is expected to pay a dividend of $1.00 at the end of the year (i.e., D_1 = $1.00), and it should continue to grow at a constant rate of 8% a year. If its required return is 15%, what is the stock's expected price 3 years from today? Do not round your intermediate calculations. $

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Financial Management: What is the stocks expected price 3 years from
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