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A stock just paid a dividend of $ 3 . 0 0 . The dividend will grow at a 2 5 % rate for 2

A stock just paid a dividend of $3.00. The dividend will grow at a 25% rate for 2 years, and then the dividend will grow at a constant 5% rate forever. If the required rate of return of the stock is 12%, what is the current price of the stock?
Group of answer choices
$78.35
$53.57
$45.00
$63.14
$73.81

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