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A stock paid a $2.50 dividend last year that will grow by 9% per year. You require an 15% return and you expect the stock
A stock paid a $2.50 dividend last year that will grow by 9% per year. You require an 15% return and you expect the stock price to be $80 in 3 years. What is the stocks value today?
A. $88.58
B. $59.11
C. $52.60
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Personal Finance
Authors: Jeff Madura
5th edition
132994348, 978-0132994347
