A stock is expected to pay a dividend of $2.25 at the end of the year (i.e., D₁ = $2.25), and it should continue to grow

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answerhappygod
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A stock is expected to pay a dividend of $2.25 at the end of the year (i.e., D₁ = $2.25), and it should continue to grow

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A Stock Is Expected To Pay A Dividend Of 2 25 At The End Of The Year I E D 2 25 And It Should Continue To Grow 1
A Stock Is Expected To Pay A Dividend Of 2 25 At The End Of The Year I E D 2 25 And It Should Continue To Grow 1 (19.16 KiB) Viewed 21 times
A stock is expected to pay a dividend of $2.25 at the end of the year (i.e., D₁ = $2.25), and it should continue to grow at a constant rate of 5% a year. If its required return is 13%, what is the stock's expected price 1 year from today? Do not round intermediate calculations. Round your answer to the nearest cent. $
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