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Doc Brown, Inc. just paid a dividend of DO - $1.21. Analysts expect the company's dividend to grow by 24% this year, by 20% in

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Doc Brown, Inc. just paid a dividend of DO - $1.21. Analysts expect the company's dividend to grow by 24% this year, by 20% in Year 2, and at a constant rate of 7.2% in Year 3 and thereafter the required return on this low-risk stock is 9.00%. What is the best estimate of the stock's current market value? a. $12.09 b. $13.92 c. $85.68 d. $93.14 e. $110.50

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