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4. Huang Company's last dividend was $1.55. The dividend growth rate is expected to be constant at 45.0% for 3 years, after which dividends

4. Huang Company's last dividend was $1.55. The dividend growth rate is expected to be constant at 45.0% for 3 years, after which dividends are expected to grow at a rate of 6% forever. If the firm's required return (rs) is 12%, what is its current stock price? Do not round intermediate calculations. a. $70.57 b. $67.39 c. $68.94 d. $61.02 e. $75.48

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