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A stock just paid a dividend of $1.90 (i.e., DO=1.90 ). The dividend is expected to grow at 29.40% for three years and then grow

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A stock just paid a dividend of $1.90 (i.e., DO=1.90 ). The dividend is expected to grow at 29.40% for three years and then grow at 3.01% thereafter. The required return on the stock is 14.81%. What is the value of the stock? 1) $49.24 2) None of the answers in this list is within $0.20 of the correct answer. 3) $31.02 4) $52.33 5) $39.56 6) $28.82

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