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10. You forecast that DULL company will pay a dividend of Di = $10 at the end of this year. The dividend will double in

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10. You forecast that DULL company will pay a dividend of Di = $10 at the end of this year. The dividend will double in the second year (D2 S20). After the second year, dividends will then grow at an annual rate of 10% (For example, D3-$22, D, = $24.2, ). what is the pice of the DULL stock when the required/expected return is 20%? (Be careful with the timing.) (a) $168.06 (b) $175.00 (c) $188.89 (d) $200.00

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