Required return on this low-risk stock

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Reference no: EM13917388

PriceWar Industries recently paid a dividend of D0=$1.32. We expect the company's dividend to grow by 30% this year, by 20% in year 2, and at a constant rate of 5% in year 3 and thereafter. The required return on this low-risk stock is 9.00%. What is the price at year 4?

Reference no: EM13917388

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