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Assume that a share of stock has just paid a dividend of $2.00(D0), which is expected to grow at a constant growth rate of 5.0%,
Assume that a share of stock has just paid a dividend of $2.00(D0), which is expected to grow at a constant growth rate of 5.0%, and has a price of $28.00. Given this information, determine the percentage of the current price that is based on just the first 11 years of dividends (Years D1-D D11). 56.459% 61.936% 53.183% 59.217% 49.839%
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