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A company expects its dividends to start from $ 1 a year from now and grow at a 1 0 % rate until the end

A
company expects its dividends to start from $1 a year from now and grow at a 10% rate until the end of year 7. After that the company's dividends will grow by 5% every year forever. What is the stock's price today if an investor wants to earn 12%?
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a) $22.90
b) $17.95
c) $19.00
d) $21.08
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