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Could you please solve this an show all steps please? A company just paid a dividend of $5.00 per share. An investor estimates that the

Could you please solve this an show all steps please? image text in transcribed
A company just paid a dividend of $5.00 per share. An investor estimates that the dividends will grow at 10% for the next 2 years. After that the dividen will grow at an annual rate of 5% to infinity. What is the current market price of the stock if the required rate of retum is 10% $115.00 $13630 $90.27 $122.75

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