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29. What would be the approximate expected price of a stock when dividends are expected to grow at a 25% rate for 3 years, then

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29. What would be the approximate expected price of a stock when dividends are expected to grow at a 25% rate for 3 years, then grow at a constant rate of 5%, if the stock's required return is 13% and next year's dividend will be $4.00? A. $61.60 B. $62.08 C. $68.62 D. $79.44

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