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A company is expected to pay its first annual dividend of $5.35 per share 10 years from today. The company expects its dividends to grow

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A company is expected to pay its first annual dividend of $5.35 per share 10 years from today. The company expects its dividends to grow at 3.8 percent forever afterward. If investors require a return of 12 2 percent, then what is your estimate of the stock price today using DDM? Multiple Choice O $2260 $2014 O $45 53 O 526 37 O $63.69

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