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Due to a factory upgrade earnings and dividends in a manufacturing company are expected to grow at a rate of 15 for the next 4

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Due to a factory upgrade earnings and dividends in a manufacturing company are expected to grow at a rate of 15 for the next 4 years. After this period, the firm is expected to resume growth at the industry average of 6 thereafter. The firm recently paid a dividend of S1 and the required returns 206. What is the most you should pay for the company's stock 59.00 502 S1.50 54.49 None of the listed Items correct

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