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Company X just paid a dividend of D0=$1.50. Analysts expect the company's dividend to grow by 20% this year, by 10% in Year 2 ,

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Company X just paid a dividend of D0=$1.50. Analysts expect the company's dividend to grow by 20% this year, by 10% in Year 2 , and at a constant rate of 5% in Year 3 and thereafter. The required return on this stock is 9.00%. What is the best estimate of the stock's current market value? 47.06 51.9a 59.77 44.71 54.12

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