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If expected dividends grow at 7% and the appropriate discount rate is 9%, what is the value of a stock with an expected dividend one

If expected dividends grow at 7% and the appropriate discount rate is 9%, what is the value of a stock with an expected dividend one year from now of $3.05? Note: Round your answer to 2 decimal places. Multiple Choice $153.50 $228.75 $152.50 $76.25

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