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Egypt Co. is growing at a very fast rate. As a result, the company expects to increase its dividend to $1.00, $1.50, and $2.00 over
Egypt Co. is growing at a very fast rate. As a result, the company expects to increase its dividend to $1.00, $1.50, and $2.00 over the next three years, respectively. After that, the dividend is projected to increase by 5 percent annually. What is the current value of this stock if the required return is 10 percent?
a) $42.00
b) $21.18
c) $35.21
d) $44.00
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