What stock price is expected three years from now

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Columbus Manufacturing's stock currently sells for $ 26.04 a share. The stock just paid a dividend of $3.50 a share (i.e.,D0). The dividend is expected to grow at a constant rate of 7 % a year. What stock price is expected three years from now (P3)? Round your answer to two decimal places.

Reference no: EM131597463

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