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Question
A stock just paid an annual dividend of $2. The dividends are expected to grow at 20% per year over each of the next three years and 5% per year thereafter. What is the value of the stock if the required rate of return is 12%?a. $34.29
b. $36.49
c. $39.84
d. $43.80
e. $58.74
Answer
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Related questions
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