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The required rate of return on the stocks rs is 1150 what

Problem: Black Inc's stock currently sells for $26,000 per share. The dividend is projected to increase at a constant rate of 3.5% per year. The required rate of return on the stocks, rs is 11.50%. What is the stock's expected price 5 years from now? Please provide authentic solution.

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Finance Basics: The required rate of return on the stocks rs is 1150 what

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