Estimate the price of T using the dividend discount model and the expected return you...

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Finance

Estimate the price of T using the dividend discount model and the expected return you estimated in Question 9. Assume that T will pay a DPS of $2.08 one year from now and that annual DPS is expected to grow at a constant rate of 2%. Round your final answer to two decimals.

(Expected return from Question 9 is 6.36)

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