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#38 You find a stock that has announced that it will pay its first dividend of $1.65 in eight years and then grow the dividend
#38 You find a stock that has announced that it will pay its first dividend of $1.65 in eight years and then grow the dividend at 4.5% afterward. If you require a return of 18%, what is the most you would be willing to pay for the stock today?
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A. $12.22
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B. $4.01
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C. $3.66
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D. $3.84
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E. $3.25
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