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A firm pays quarterly dividends of $1, starting from the next quarter (i.e. first payment of $1 will be 1 quarter away from today), and

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A firm pays quarterly dividends of $1, starting from the next quarter (i.e. first payment of $1 will be 1 quarter away from today), and growing by 1% every quarter. What is the price of the stock of this firm, if we require 10% annual return (APY)? A. $ 66.67 B. $ 70.85 C.$ 71.56 D.$ 72.56

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