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Analysts expect Marble Comics to pay shareholders $1.23 per share annually for the next 3 years. After that, the dividend will be $1.88 annually forever.
Analysts expect Marble Comics to pay shareholders $1.23 per share annually for the next 3 years. After that, the dividend will be $1.88 annually forever. Given a discount rate of 19%, what is the value of the stock today?
Select one:
a. $2.63
b. $9.62
c. $12.53
d. $13.58
e. $8.50
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