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APCE common stock just paid a dividend of $1.00 per share, but its dividend is expected to grow at 10 percent per year for four
APCE common stock just paid a dividend of $1.00 per share, but its dividend is expected to grow at 10 percent per year for four years and then grow at 6 percent per year forever. How much should you be willing to pay for the APCE stock? Assume 12% required return.
20.24
27.29
16.62
25.83
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