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A firm recently paid a ( $ .67 ) dividend per share. The expected growth rate for the next 5 years is 8 annually. The

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A firm recently paid a \\( \\$ .67 \\) dividend per share. The expected growth rate for the next 5 years is \8 annually. The growth rate from year 5 into perpetulty is \3 annualiy. The required rate of return is \11.50. What is the stock's value? Multiple Choice \\( \\$ 9.97 \\) \\( \\$ 756 \\) 513.40 56.92

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