What is the stock expected price 3 years from today

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Reference no: EM132233599

ABC Enterprises' stock is expected to pay a dividend of $1.6 per share. The dividend is projected to increase at a constant rate of 4.5% per year. The required rate of return on the stock is 19%. What is the stock's expected price 3 years from today (i.e. solve for P3)?

Reference no: EM132233599

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