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An analyst has forecasted dividend growth for Triple Crown, Inc., to be 8% for the next two years. declining to 5% over the following three

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An analyst has forecasted dividend growth for Triple Crown, Inc., to be 8% for the next two years. declining to 5% over the following three years, and then remaining at 5% thereafter. If the current dividend is $4.00, and the required retum is 10%, what is the current value of Triple Crown shares based on a three-stage model? SS Select one: a $72.23 b. $92.23 c. $82.23 (Ctrl)

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