Kyle's Burgers will pay its first dividend of $3.25 per share in nine years and then grow
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Question:
Kyle's Burgers will pay its first dividend of $3.25 per share in nine years and then grow the dividend at 7% per year afterward. If the required return on the stock is 13%, what should be its current price? $20.38 $29.40 $23.02 $26.02 $18.03
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