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Grow On , Inc. is a firm that is experiencing rapid growth. The firm yesterday paid a dividend of $ 4 . 3 0 .

Grow On, Inc. is a firm that is experiencing rapid growth. The firm yesterday paid a dividend of $4.30. You believe that dividends will grow at a rate of 23% per year for two years, and then at a rate of 7% per year thereafter. You expect the stock will sell for $130.52 in two years. You expect an annual rate of return of 15% on this investment. If you plan to sell the stock in two years, what is the most you would pay for the stock now?
$75.31
$66.73
$99.63
$0.00
$95.33

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