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9. A company just paid a dividend of $4 per share. Analysts expect future dividends to grow at 20 percent per year for the next
9. A company just paid a dividend of $4 per share. Analysts expect future dividends to grow at 20 percent per year for the next four years and then grow at 6 percent per year thereafter. What is the stock price in year 3 if your required return is 10 percent? A. $84.15 B. $56.78 C. $103.68 D. $207.36
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