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a Grow On, Inc. is a firm that is experiencing rapid growth. The firm yesterday paid a dividend of $6.00. You believe that dividends will

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a Grow On, Inc. is a firm that is experiencing rapid growth. The firm yesterday paid a dividend of $6.00. You believe that dividends will grow at a rate of 18% per year for years one and two, 15% per year for years three and four, and then at a rate of 7% per year thereafter. If you expect an annual rate of return of 19% on this investment, what is the most you would pay for the stock now? O $96.14 $78.13 $83.25 $72.19 $65.86

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