What is the expected price of the stock six years from now

Reference no: EM13278953

Amador Corporation has a stock price of $22 a share. The stock's year-end dividend is expected to be $2 a share. The stock's required rate of return is 12 percent and the stock's dividend is expected to grow at the same constant rate forever. What is the expected price of the stock six years from now? Show your calculations.

Reference no: EM13278953

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