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Bob Katz is interested in the following stock: - current dividend is $3.50 - projected three year growth rate of 10% - growth rate after
Bob Katz is interested in the following stock: - current dividend is $3.50 - projected three year growth rate of 10% - growth rate after year 3 is expected to fall and remain constant at 6% - Bobs required return is 12%
What is the expected value of this common stock?
Group of answer choices
$63.79
$65.58
$68.71
$70.35
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