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13. Anderson Company's last dividend was $1.25. The dividend growth rate is expected to be 5% for the next th (Year 1 to Year 3),

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13. Anderson Company's last dividend was $1.25. The dividend growth rate is expected to be 5% for the next th (Year 1 to Year 3), after which dividends are expected to grow at a constant rate of 6% forever. If the firm's return is 1 1%, what is its current stock price? A. $23.41 B. $26.00 C. $22.57 D. $25.79 E. $24.73

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