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  • 08-03-2024
  • Business
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A stock just paid a dividend of $1.94. The dividend is expected to grow at 26.92% for five years and then grow at 3.96% thereafter. The required return on the stock is 13.13%. What is the value of the stock?
A) $20.00
B) $25.00
C) $30.00
D) $35.00

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