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G Corporation is a mature firm. The company paid a dividend of $5, and it will grow at 10% for the next two years. After
G Corporation is a mature firm. The company paid a dividend of $5, and it will grow at 10% for the next two years. After two years from now, the management expects to reduce the payout by 5% per year for the indefinite future. If you require a return of 12 percent on this stock, what will you pay for a share today? A. $87.23 B. $75.19 C. $84.35 D. $67.23
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