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5 points IF 1) the expected return for XYZ stock is 9.5 percent; 2) the dividend is expected to be $4.38 in one year, 54.62

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5 points IF 1) the expected return for XYZ stock is 9.5 percent; 2) the dividend is expected to be $4.38 in one year, 54.62 in two years, 50 in three years, and $2.54 in four years, and 3) after the dividend is paid in four years, the dividend is expected to begin growing by 4.5 percent a year forever, then what is the current price of one share of the stock? a. An amountless than $45.30 b. An amount between $45.30 and just less than 546.30 c. An amount between $46,30 and just less than 547.30 d. An amount between $47.30 and just less than $48.30 e. An amount equal to or greater than 548.30

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