What is the stocks expected price 4 years from


A stock is expected to pay a dividend of $0.50 at the end of the year (that is, D_1 = 0.50), and it should continue to grow at a constant rate of 7% a year. If its required return is 12%, what is the stock's expected price 4 years from today?

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Financial Management: What is the stocks expected price 4 years from
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