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A stock paid a $1.00 dividend last year that will grow by 7% per year. You require an 11% return and you expect the stock

A stock paid a $1.00 dividend last year that will grow by 7% per year. You require an 11% return and you expect the stock price to be $62 in 4 years. What is the stocks value today?

A.$66.75

B.$65.65

C.$52.12

D.$40.84

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