What is the stock expected price

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ABC Enterprises' stock is currently selling for $72.1 per share. The dividend is projected to increase at a constant rate of 5.6% per year. The required rate of return on the stock is 12%. What is the stock's expected price 5 years from today (i.e. solve for P5)?

Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.

Reference no: EM131387565

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