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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 11% and you want to earn a 16% annual return. What should you pay for the stock?

A.$67.55

B.$83.34

C.$74.39

D.$61.46

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