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Elsinore Corporation is expected to pay the following dividends over the next four years: $1.00, $1.50, $2.00, and $2.50. Afterwards, the company pledges to maintain

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Elsinore Corporation is expected to pay the following dividends over the next four years: $1.00, $1.50, $2.00, and $2.50. Afterwards, the company pledges to maintain a constant 5% growth rate in dividends forever. If the required return on the stock is 10%, what is the current stock price (approximately)? O $21 $43 O $53 $38 O $41

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