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ach question has 1 point. Question 3 Suppose a company's expected dividend pattern for three year is as follows: D1-$3, D2-$4, D3-$6. After 3 years,

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ach question has 1 point. Question 3 Suppose a company's expected dividend pattern for three year is as follows: D1-$3, D2-$4, D3-$6. After 3 years, the dividends are expected to growth at a constant rate of 7% a year. What should the current price of the firm's stock be if the required rate of return demanded by investors is 12%? (Round final answer to two decimal places) O $105.21 O $87.28 O $101.53 O $98.54 1 pts Previous Next

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