Smart Industries will pay $3 dividend per share in year 1, $5 dividend per share...
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Smart Industries will pay $3 dividend per share in year 1, $5 dividend per share in year 2, $6 per share in year 3, and $6.5 in year 4, and then it grows at a constant rate of 3.1% thereafter. The required return on this low-risk stock is 9.4%. What is the best estimate of the stock at year 6? (if your price is $12.34, please just enter "12.34")
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