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Bai Company's last dividend was $1.25. The dividend growth rate is expected to be constant at 15% for 3 years, after which dividends are expected

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Bai Company's last dividend was $1.25. The dividend growth rate is expected to be constant at 15% for 3 years, after which dividends are expected to grow at a rate of 6% forever. If the firm's required return (r,) is 11%, what is its current stock price? O b. $33.50 Oc. $34.50 O e. $30.57 O a. $32.49 O d. $31.52

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