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Blakely is examining the stock of Microhard, Inc., and has been asked to estimate a future price. The firm just paid a dividend of $4.25,

Blakely is examining the stock of Microhard, Inc., and has been asked to estimate a future price. The firm just paid a dividend of $4.25, which is expected to grow at 2.3%, and Blakely has also calculated the required rate of return as 9.14%. If these assumptions hold, what should the stock sell for in 11 years? Select one: a.$62.85 b.$62.13 c.$81.63 d.$63.56 e.$65.03 f.insufficient information to determine Clear my choice

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