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A company will pay a $1.1 per share dividend in one year. The dividend in 2 years will be $3.5 per share, and it is

A company will pay a $1.1 per share dividend in one year. The dividend in 2 years will be $3.5 per share, and it is expected that dividends will grow at 4.1% per year thereafter. The expected rate of return on the stock is 16.6%. What must be its price?

27.81

24.96

28.46

19.29

18.76

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