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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%,

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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%, and has a price of $28.00. Given this information, determine the percentage of the current price that is based on just the first 13 years of dividends (Years D1D13 ). 56.459% 59.217% 53.183% 49.839% 61.936%

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