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7.Right Choice Investment Holdings just paid a dividend of $3 per share. The dividends are expected to grow at 15% for the next three years

7.Right Choice Investment Holdings just paid a dividend of $3 per share. The dividends are expected to grow at 15% for the next three years and then level off to a growth rate of 4% indefinitely. If the required rate of return is 9%, what is the price of its stock today? (10 points)

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