Question: If 1 ) the expected return for Mindy s Mending stock is 6 . 4 percent; 2 ) the dividend is expected to be $

If 1) the expected return for Mindys Mending stock is 6.4 percent; 2) the dividend is expected to be $6.10 in one year, $7.20 in two years, $0 in three years, $0 in four years, and $8.50 in five years; and 3) after the dividend is paid in five years, the dividend is expected to begin growing by 1.6 percent per year forever, then what is the current price of the stock?

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