### What is the stock expected price 5 years from today

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##### Reference no: EM13302837

A stock is expected to pay a dividend of \$1.50 the end of the year (that is, D1 = \$1.50), and it should continue to grow at a constant rate of 7% a year. If its required return is 14%, what is the stock's expected price 5 years from today? Round your answer to two decimal places.

##### Reference no: EM13302837

Forum Topic Responses: One comprehensive forum topic is assigned weekly. Students are required to research their selected forum topic, Select one of the following forum topic

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