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Etling Inc.'s dividend is expected to grow at 7.5% for the next two years and then at 4% forever. If the current dividend is $3

Etling Inc.'s dividend is expected to grow at 7.5% for the next two years and then at 4% forever. If the current dividend is $3 and the required return is 15%, what is the price of the stock? Select one: a. $25.54 b. $25.10 c. $30.21 d. $25.77 e. $27.92

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