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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
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. $62
b. $59
c. $65
d. $71
e. $68
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