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Here is the information: The company pays a current dividend of $1.00. The growth rate is 20% for the next two years. The growth then

Here is the information: The company pays a current dividend of $1.00. The growth rate is 20% for the next two years. The growth then declines over 10 years to a steady rate of 5%. The required yield is 10%. The current share price is $50. The best dividend model is :

(a) two-step MDD,

c) three-step MDD

b) Gordon's model

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