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A firm expects to pay dividends at the end of each of the next four years of $ 2 . 0 0 , $ 1

A firm expects to pay dividends at the end of each of the next four years of $2.00, $1.50, $2.50, and $3.50. If growth is then expected to level off at 8 percent, and if you require a 18 percent rate of return, how much should you be willing to pay for this stock? (Round intermediate calculations to two decimal places.)
25.60
$17.49
$50.15
$45.25
$32.38

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