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Lilly Pad Company has just announced that they will pay their first dividend of $30 in twelve years and grow that dividend at 5% per
Lilly Pad Company has just announced that they will pay their first dividend of $30 in twelve years and grow that dividend at 5% per year afterward. If your required return is 22%, what is the most you would be willing to pay for the stock today? A. $176.47 B. $16.23 C. $33.18 D. $19.80
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