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A share of common stock just paid a dividend of $3.25 per share. The expected long-run growth rate for this stock is 18%. If investors

"A share of common stock just paid a dividend of $3.25 per share. The expected long-run growth rate for this stock is 18%. If investors require a rate of return of 24%, what should the price of the stock be after 5 years? "

a. $57.51

b. $62.25

c. $44.94

d. $146.23

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