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Lifecycle Motorcycle Company is expected to pay a dividend in year 1 of $2, a dividend in year 2 of $3, and a dividend in

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Lifecycle Motorcycle Company is expected to pay a dividend in year 1 of $2, a dividend in year 2 of $3, and a dividend in year 3 of $4. After year 3, dividends are expected to grow at the rate of 5% per year. An appropriate required return for the stock is 13\%. Using the multistage DDM, the stock should be worth today. (Round intermediate and final answer to 2 decimal places) $43.28 $65.13 533.80 $85,60

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