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8. Based on the following information on DDF common stock, what is the expected price today? Last dividend per share: $5 Growth rate: 20% per

8. Based on the following information on DDF common stock, what is the expected price today?

Last dividend per share: $5

Growth rate: 20% per year for years 1 through 2; 10% per year for years 3 to infinity

Required rate of return for the stock: 20%

Select one:

a. $65

b. $68

c. $71

d. $59

e. $62

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