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DFG common stock is expected to have extraordinary growth of 2 0 % per year for two years, at which time the growth rate will

DFG common stock is expected to have extraordinary growth of 20% per year for two years, at which time
the growth rate will settle into a constant 6%. If the discount rate is 15% and the most recent dividend was
$2.50, what should be the current share price?
(a) $31.16
(b) $33.23
(c) $37.39
(d) $47.77

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