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Electronics Inc. expects their dividends to grow at a rate of 12% for the next 3 years and at a rate of 2.40% thereafter. Their

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Electronics Inc. expects their dividends to grow at a rate of 12% for the next 3 years and at a rate of 2.40% thereafter. Their most recent dividend was $4.80, and the market requires a return of 16.55%. What is the current price of a share of Electronics Inc.'s stock. $69.06 $105.49 $44.13 $118.15

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