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Grouper Natural Foods' current dividend is $6.20 You expect the growth rate to be 0 percent for years 1 to 5, and 2 percent for
Grouper Natural Foods' current dividend is $6.20 You expect the growth rate to be 0 percent for years 1 to 5, and 2 percent for years 6 to infinity The required rate of return on this firm's equity is 10 percent The expected price of the stock at the end of year 5 is $...........................?
(please retain at least 4 decimal place in the calculation)
A) 6.20
B)6.32
C)72.56
D)72.80
E)79.05
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