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2. Delta Company has some very exciting prospects in the near future. As a result it is expected to grow at a rate of 20%

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2. Delta Company has some very exciting prospects in the near future. As a result it is expected to grow at a rate of 20% for the next year. After that it will grow at 7% indefinitely. The interest rate is currently 14% and Delta paid a dividend of $2.60 recently. What should Delta sell for today? a. $44.59 b. $39.45 c. $48.72 d. $41.67

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