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Grow On, Inc. is a firm that is experiencing rapid growth. The firm yesterday paid a dividend of $5.20. You believe that dividends will grow

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Grow On, Inc. is a firm that is experiencing rapid growth. The firm yesterday paid a dividend of $5.20. You believe that dividends will grow at a rate of 21% per year for two years, and then at a rate of 9% per year thereafter. You expect the stock will sell for $29.64 in two years. You expect an annual rate of return of 23% on this investment. If you plan to hold the stock indefinitely, what is the most you would pay for the stock now? $29.74 $42.00 $49.33 $35.47 O$53.40

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