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Use the Dividend Discount Model to compute the expected price of a stock in 4...

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Use the Dividend Discount Model to compute the expected price of a stock in 4 years. Each share is expected to pay a dividend of $3.33 in one year. Investors' annual required rate of return is 17%, and the expected growth rate of the dividend is 5.9% per annum. Answer to the nearest penny. Answer: Check

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