Rudolf corps stock price is 20 per share and its expected

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Rudolf Corp.'s stock price is $20 per share, and its expected year-end dividend is $2 a share (D1 = $2.00). The stock's required return is 15%, and the dividend is expected to grow at a constant rate forever. What is the expected price of the stock 7 years from now?

Reference no: EM13566493

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