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Amalgamated Consolidated is expected to pay the following dividends over the next three years: $2, $3, and $4. Afterward, the company pledges to maintain a

Amalgamated Consolidated is expected to pay the following dividends over the next three years: $2, $3, and $4. Afterward, the company pledges to maintain a constant 2 percent growth rate in dividends forever. If the required return on the stock is 9 percent, what is the current share price? (Do not round your intermediate calculations.)

$52.46
$49.65
$56.13
$55.08
$54.03

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