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1011 12 The Ramirez Company's last dividend was $1.75. Its dividend growth rate is expected to be 25% for 1 year, after which dividends are

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1011 12 The Ramirez Company's last dividend was $1.75. Its dividend growth rate is expected to be 25% for 1 year, after which dividends are expected to grow at a rate of 6% forever. Its required return is 8%. What is the best estimate of the current stock price? O $115.29 $98.44 5 pts O $120.11 O $109.38 $103.22

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