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Heard, Inc., just paid a dividend of $3.75 per share on its stock. The dividends are expected to grow at a constant rate of 4.5

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Heard, Inc., just paid a dividend of $3.75 per share on its stock. The dividends are expected to grow at a constant rate of 4.5 percent per year, indefinitely. If investors require a 12 percent return on Heard stock, What will the price be in five years? $52.25 $65.11 $62.11 Not Available $40.91

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