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28. The company is expected to grow at 30% for the next 2 years. Beginning in the year 4, the growth rate=7% and stabilize. The

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28. The company is expected to grow at 30% for the next 2 years. Beginning in the year 4, the growth rate=7% and stabilize. The required retum = 13%. The dividend in year 1 - $3.00 Calculate the stock price of this company. (D1-3, D2-2*(1+30%), D3-D2*(1+30%), D4-D3*(1+796)...) A) $71.88. B) $64.68 C) $73.01. D) $45.41

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