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Based on the following information on DDF common stock, what is the expected price today? Last dividend per share: $5 Growth rate: 20% per year

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Based on the following information on DDF common stock, what is the expected price today? Last dividend per share: $5 Growth rate: 20% per year for years 1 through 2; 10% per year for years 3 to infinity Required rate of return for the stock: 20% Select one: a. $71 b. $62 O c. $59 d. $68 e. $65

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