Question: Use the Dividend Discount Model to compute the expected price of a stock in 3 years. Each share is expected to pay a dividend of

Use the Dividend Discount Model to compute the expected price of a stock in 3 years. Each share is expected to pay a dividend of $5.86 in one year. Investors' annual required rate of return is 20.1%, and the expected growth rate of the dividend is 3.5% per annum. Answer to the nearest penny.
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Use the Dividend Discount Model to compute the expected price of

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