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Coral Industries just paid a dividend of Do=$1.35. Analysts expect the company's dividend to grow by 20% this year, by 15% in Year 2,
Coral Industries just paid a dividend of Do=$1.35. Analysts expect the company's dividend to grow by 20% this year, by 15% in Year 2, and at a constant rate of 6% in Year 3 and thereafter. The required return on this low-risk stock is 10.00%. What is the best estimate of the stock's current market value? O $41.59 O $43.81 $45.99 $43.15 O $42.65
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