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KL Airlines is planning on paying $1.50, $1.75, and $1.80 a share over the next 3 years, respectively. After that, the dividend will be constant

KL Airlines is planning on paying $1.50, $1.75, and $1.80 a share over the next 3 years, respectively. After that, the dividend will be constant at $2 per share per year. What is the market price of this stock if the market rate of return is 10.5 percent? SHOW YOUR WORK

A. $21.16

B. $16.07

C. $15.98

D. $18.24

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