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auto transmission is expected to pay annual dividends of $1.00, $1.30, and $1.70 over the next three years, respectively. After that, the company expects to
auto transmission is expected to pay annual dividends of $1.00, $1.30, and $1.70 over the next three years, respectively. After that, the company expects to grow the dividends at 3% forever. What is the stock price today at a required return of 10%.
A. $37.1
B. $38.8
C. $3.0
D. 22.1
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