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If expected dividends grow at 5% and the appropriate discount rate is 7%, what is the value of a stock with an expected dividend one

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If expected dividends grow at 5% and the appropriate discount rate is 7%, what is the value of a stock with an expected dividend one year from now of $2.75? (Round your answer to 2 decimal places.) Multiple Choice $137.50 $206.25 $138.50 $68.75

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