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35.Etling Inc.'s dividend is expected to grow at 8% for the next two years and then at 3% forever. If the current dividend is $3

35.Etling Inc.'s dividend is expected to grow at 8% for the next two years and then at 3% forever. If the current dividend is $3 and the required return is 15%, what is the price of the stock?

a.$25.54

b.$26.00

c.$27.58

d.$25.10

e.$28.17

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