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If 1) the expected return for Belmont Bagels stock is 9.36 percent; 2) the dividend is expected to be $0.00 in one year, $4.38 in
If 1) the expected return for Belmont Bagels stock is 9.36 percent; 2) the dividend is expected to be $0.00 in one year, $4.38 in two years, $0.00 in three years, $5.35 in four years, and $2.00 in five years; and 3) after the dividend is paid in five years, the dividend is expected to begin growing by 4.70 percent a year forever, then what is the current price of one share of the stock? An amount less than $34.25 or a rate greater than $45.03 An amount equal to or greater than $38.05 but less than $40.80 An amount equal to or greater than $36.12 but less than $38.05 An amount equal to or greater than $34.25 but less than $36.12 An amount equal to or greater than $40.80 but less than $45.03
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