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A stock has an expected annual return of 7 . 0 6 % and is expected to pay annual dividends forever. The first annual dividend

A stock has an expected annual return of 7.06% and is expected to pay annual dividends forever. The first annual dividend is expected in 1 year and all subsequent annual dividends are expected to grow at a constant rate of 2.73% per year. The dividend expected in 1 year from today is expected to be $67.46. What is the present value (as of today) of the dividend that is expected to be paid in 6 years from today?
$52.66(plus or minus 2 cents)
$77.18(plus or minus 2 cents)
$51.26(plus or minus 2 cents)
$54.88(plus or minus 2 cents)
the answer cannot be obtained based on the given information
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