Question: DD A stock is expected to pay its first $ 4.3 dividend in 5 years from now (t=5). The dividend is expected to be paid

DD A stock is expected to pay its first $ 4.3 dividend in 5 years from now (t=5). The dividend is expected to be paid annually forever and grow by 4% pa. The discount rate is 8% pa. Estimate what the stock price will be in 6.75 years from now. The stock price at time 6.75 is expected to be:

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