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How your work please, the answer is C 59. Spooner Corporation's next dividend is expected to be $6. Dividend growth is estimated at 25%,20%,10% and

image text in transcribedHow your work please, the answer is C

59. Spooner Corporation's next dividend is expected to be $6. Dividend growth is estimated at 25%,20%,10% and then stabilize to 3%. If the rate of return is 10%, determine the stock price in year 2. A. $98.64 B. $99.61 C. $100.64 D. $101.64 E. $102.64

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