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A company has announced the growth rate of its dividend going forward will be 2% annually forever. The dividend in year 5 will be $3.00.

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A company has announced the growth rate of its dividend going forward will be 2% annually forever. The dividend in year 5 will be $3.00. The discount rate on the stock is 8%. What will the stock price be in year 18? O 33.33 0 22.97 O 70.83 67.29 0 65.97 O 56.71

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