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20 - You are considering the purchase of common stock that just paid a dividend of $2.00. You expect this stock to have a growth

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20 - You are considering the purchase of common stock that just paid a dividend of $2.00. You expect this stock to have a growth rate of 30for each of the next 3 years, then to have a long run normal growth rate of 10% thereafter. If you require a 15% rate of return, how much should you be willing to pay for this stock? a) b) C) $97.50 $82.46 $62.68 579.15 571.26 e Bo brak

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