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A stock pays a current dividend of DIV 0 = $ 5 . 0 0 . Over the next 3 years the firm expects a

A stock pays a current dividend of DIV0= $5.00. Over the next 3 years the firm expects a super growth period where g1=50%; g2=30%; and g3=20%. After 3 years the Long-term constant
growth rate is expected to be g =5.0%. Assuming that the required return is r =11.0%, estimate price using the non-constant growth DDM.
Group of answer choices
$159.56
$168.43
$163.81
$172.94
$153.07

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