Artistic Company has paid the following dividends over the last 5 years: $1.25, $1.52, $1.73, $1.65, $1.81. Using the computed geometric growth rate, and assuming this rate will continue into the foreseeable future, estimate the firms stock price next year assuming a discount rate of 11 percent.
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NO INTERMEDIATE ROUNDING IS DONE AS NOTHING WAS MENTIONED. NEED ANY CHANGE IN PARAMETERS, LET ME KNOW. THANK YOU
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