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Dr. Lee plans to add Sony, Inc. stock to his investment portfolio. The stock just paid a dividend of $1.50. He expects that the dividend will grow at 20% for the next two years and 4% forever after that. Assuming a discount rate of 13%. Dr. Lee knows that Sony, Inc stock is worth $_____ a 1) 37.50 2) 25.71 3) 22.83 4) 29.42 5) 33.16