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Last years dividend of Mystic Aromas Pty Ltd was $2.75. The growth in dividends is expected to be 8% per year for the next two

Last years dividend of Mystic Aromas Pty Ltd was $2.75. The growth in dividends is expected to be 8% per year for the next two years, followed by a growth rate of 4% per year for three years; after this five-year period, the growth in dividends is expected to be 2% per year, indefinitely. The required rate of return on Mystic Aromas is 11%. The price of the stock today should be closest to: A. $39.71 B. $110.00 C. $36.41 D. $8.99

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