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Bobs Burgers just paid a dividend of $1.20 that is expected to grow at 20% per year for the next two years and then at
Bobs Burgers just paid a dividend of $1.20 that is expected to grow at 20% per year for the next two years and then at a constant rate of 6%. If the required return on their stock is 13%, what should be the current price of the stock?
A. $26.23
B. $23.12
C. $24.32
D. $26.17
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