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DM plans to pay the following dividends:End of year 1 End of year 2 $ 1 . 3 6 End of year 3 $ 1

DM plans to pay the following dividends:End of year 1End of year 2$1.36End of year 3$1.15End of year 4$1.35$2.31Thereafter, DM plans to grow their dividends by 5.0 percent annually. If the required return is 11.4 percent, what is the current value of this stock?A. $36.58B. $28.13C. $8.60D. $29.23E. None of the choices are correct.

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