Question: today? Do not round intermediate calculations. Round your answer to the nearest cent A stock is expected to pay a dividend of $2.00 at the

A stock is expected to pay a dividend of $2.00 at the

today? Do not round intermediate calculations. Round your answer to the nearest cent

A stock is expected to pay a dividend of $2.00 at the end of the year (i.e., Dl = $2.00), and it should continue to grow at a constant rate of 4% a year. If its required retum is 12%, what is the stock's expected price 5 years from today? Do not round intermediate calculations. Round your answer to the nearest cent.

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