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Mack Industries just paid a dividend of $2 per share (D0 = $2). Analysts expect the companys dividend to grow 10 percent this year (D1

Mack Industries just paid a dividend of $2 per share (D0 = $2). Analysts expect the companys dividend to grow 10 percent this year (D1 = $2.2) and 8 percent next year. After two years the dividend is expected to grow at a constant rate of 4 percent. The required rate of return on the companys stock is 15 percent. What should be the companys current stock price? Group of answer choices $22.70 $26.70 $24.70 $18.70 $20.70

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