Question: Additional Problem 1 3 - 3 The common stock of Royal Ranch House is selling for $ 2 1 . 2 9 . The firm

Additional Problem 13-3
The common stock of Royal Ranch House is selling for $21.29. The firm pays dividends that are expected to grow at a rate of 4.4088 indefinitely. Your investment horizon is 10 years. What do you estimate the price of Royal Ranch House stock will be at that time?
Note: Round your answer to 2 decimal places.
Stock pricE?
Additional Problem 1 3 - 3 The common stock of

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