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Fargo Company's last dividend was $1.50. The dividend growth rate is expected to be constant at 9.0% for 3 years, after which dividends are expected

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Fargo Company's last dividend was $1.50. The dividend growth rate is expected to be constant at 9.0% for 3 years, after which dividends are expected to grow at a rate of 6% forever. If the firm's required return is 11%, what is its current stock price? Do not round intermediate calculations. $34.45 $32.75 $30.05 $33.50

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