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Hi, i know the answer but I would like an explantion please. thanks 13) Calculate stock price today, given the following assumptions: Dividends grow at

Hi, i know the answer but I would like an explantion please. thanks image text in transcribed

13) Calculate stock price today, given the following assumptions: Dividends grow at 7% for t=1 year At the start of year 2 , growth slows to 3% A dividend paid already at year t=0 was $10 A discount rate is 10% A) $153 B) $168 C) 591 D) $140

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