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A rapidly growing company just paid a dividend of $1.00 per share. The dividend is expected to increase at a 25% rate for the next

A rapidly growing company just paid a dividend of $1.00 per share. The dividend is expected to increase at a 25% rate for the next three years. After that, a steady 8% growth rate will occur. If a 10% opportunity cost of capital is appropriate for this stock, what is its value?

$75.94

$12.51

$120.25

$83.13

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