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A stock pays dividends that grow at 5.50% per year. For a required rate of return of 14%, the present value of the stock is

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A stock pays dividends that grow at 5.50% per year. For a required rate of return of 14%, the present value of the stock is calculated as $108. What will be the value of the stock three years from now? $109.07 $126,82 $110.33 $147.11 $140.77

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