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Given the following information, calculate the current value of Builtrite's common stock: current dividend is $2.00, projected super normal growth for three years at 15%,
Given the following information, calculate the current value of Builtrite's common stock: current dividend is $2.00, projected super normal growth for three years at 15%, growth rate after year 3 should remain constant at 7% and you want to earn a 10% annual return. What should you pay for the stock? \begin{tabular}{c} $82.48 \\ \hline$88.04 \\ \hline$96.33 \\ \hline$102.25 \end{tabular}
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