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A stock is not expected to pay dividends for the next seven years. Eight years from today, the stock is expected to pay a dividend

A stock is not expected to pay dividends for the next seven years. Eight years from today, the stock is expected to pay a dividend of $5.82 per share. Dividends will then grow at 4.50 percent per year indefinitely. The expected return on this stock is 13 percent. What is one share of the stock worth today?

Group of answer choices

$29

$37

$49

$26

$68

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