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Consider a company whose dividends are expected to grow at the rate of 30% until year 3 and 3% after that forever. The dividend next
Consider a company whose dividends are expected to grow at the rate of 30% until year 3 and 3% after that forever. The dividend next year (D1) is expected to be $3.00 and the discount rate is 10%. What is the stock price today?
A. $80.50
B. $62.12
C. $72.42
D. $65.81
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