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Hughes Co. is growing quickly. Dividends are expected to grow at a rate of 10 percent for the next five years, with the growth rate

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Hughes Co. is growing quickly. Dividends are expected to grow at a rate of 10 percent for the next five years, with the growth rate falling off to a constant 4 percent thereafter. Suppose the required return is 12 percent and the company just paid a $3.20 dividend. What is the stock value per share? Select one: A. 66.2 B. 60.1 C. 45.2 D. 53.2

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