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A company is growing at a constant rate of 8 percent. Last week it paid a dividend of $3.00. If the required rate of return

A company is growing at a constant rate of 8 percent. Last week it paid a dividend of $3.00. If the required rate of return is 15 percent, what is the price of the share three years from now?

a.

$42.83.

b.

$46.29.

c.

$58.31.

d.

$51.02.

e.

$48.30.

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