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8. An analyst gathered the following information regarding Dolphin Inc: Risk-free rate of return =6% Required rate of return =15% Given that the company is
8. An analyst gathered the following information regarding Dolphin Inc: Risk-free rate of return =6% Required rate of return =15% Given that the company is expected to pay a dividend of $2.80 which is expected to grow at 14% forever, the value of the stock today is closest to: A. $280 B. $319 C. $311
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