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Assume XYZ Corp.'s dividend payment will be $2.92 one year from now, $3.54 two years from now, and $4.61 three years from now. Further assume

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Assume XYZ Corp.'s dividend payment will be $2.92 one year from now, $3.54 two years from now, and $4.61 three years from now. Further assume that after these three years, the dividend will grow by 5.1% each year. If the required rate of return for the industry XYZ Corp. belongs to is 10.8%, what is the market value of XYZ Corp.'s stock under the Dividend Discount Model? $71.40 $62.34 $81.35 $65.84

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