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Mack Industries just paid a dividend of $3 per share (D0=$3). Analysts expect the company's dividend to grow 8 percent this year (D1=$3.24) and 9

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Mack Industries just paid a dividend of $3 per share (D0=$3). Analysts expect the company's dividend to grow 8 percent this year (D1=$3.24) and 9 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 company's stock is 13 percent. What should be the company's current stock price? $37.59 $35.59 $39.59 $41.59 $43.59

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