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Etling Inc.'s dividend is expected to grow at 8% for the next two years and then at 3% forever. If the current dividend is $3

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Etling Inc.'s dividend is expected to grow at 8% for the next two years and then at 3% forever. If the current dividend is $3 and the required return is 16% what is the price of the stock? Select one: a. $25.54 b. S26.00 O c. $25.10 d. $27.58 e. $29.45

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