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LES OF BUSIN You have the following information for stock X: Assume market equilibrium. Do = $4 b= 1.5 Im = 11% Prt (risk-free rate)

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LES OF BUSIN You have the following information for stock X: Assume market equilibrium. Do = $4 b= 1.5 Im = 11% Prt (risk-free rate) = 3% Year Dividend growth rate 1 10% 2 20% 3 30% 4 10% 5% 5 -> 00 What is the stock price today (P.)? a. $88.0 b. $79.28 c. $65.24 d. $63.76 e. $61.97

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