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DYP Company just paid a dividend of $4.25 per share on its stock. The dividends are expected to grow at a constant rate of 4.50
DYP Company just paid a dividend of $4.25 per share on its stock. The dividends are expected to grow at a constant rate of 4.50 percent per year, indefinitely. Assume investors require a 12 percent return on this stock. What will the stock price be in ten years? Select one: 0 a. $46.54 b. $55.47 o c. $127.88 d. $91.96 o e. $72.45
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