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Given the following information, calculate the current value of the stock: current dividend is $3.00, projected super normal growth for three years at 20%, growth

Given the following information, calculate the current value of the stock: current dividend is $3.00, projected super normal growth for three years at 20%, growth rate after year 3 should remain constant at 9% and you want to earn a 16% annual return. What should you pay for the stock?

$56.89

$61.33

$68.62

$72.82

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