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Darla David would like to purchase the stock of Dalmation Dolls INC. THe company plans to pay a dividend of $4.18 next year which will

Darla David would like to purchase the stock of Dalmation Dolls INC. THe company plans to pay a dividend of $4.18 next year which will grow 5.2% in the second year of the holding period. THe dividend is expected to grow by 7.5% in the third year of the holding period and Darla expects to sell the stock at the end of that year for $85. If Darla's expected rate of return on this stock is 19%, what is the maximum she would pay if she purchases the stock today?

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