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9) What is the value of a stock that will pay a dividend in Yr 1 of $4.50 per share and then increase dividends 5%

9) What is the value of a stock that will pay a dividend in Yr 1 of $4.50 per share and then increase dividends 5% per year, assuming a discount rate of 9% ? a. $58.33

b. $33.58

c. 5.16%

d. $112.50

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