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A company expects to pay a dividend of 1.65 a share next year, and 1.75 a share for the following two years. After that, the

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A company expects to pay a dividend of 1.65 a share next year, and 1.75 a share for the following two years. After that, the company plans to increase the dividend by 4.1% a year. What is this stock's current value at a discount rate of 12%? Multiple Choice 20.53 19.18 15.15 13.27 18.18

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