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MicroTec Inc stock is expected to sell for 10$ per share four years from now. MicroTec...

MicroTec Inc stock is expected to sell for 10$ per share four years from now. MicroTec has just paid a dividend of 50 cents per share and is expected to maintain same dividends for the next four years. Afterwards the firm is expected to have constant growth. The required rate of return for MicroTec stock is 15%.

What will the price of MicroTec stock be five years from now?

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