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Mack Industries just paid a dividend of $3 per share (DO = $3). Analysts expect the company's dividend to grow 5 percent this year (D1
Mack Industries just paid a dividend of $3 per share (DO = $3). Analysts expect the company's dividend to grow 5 percent this year (D1 - $3.15) and 6 percent next year. After two years the dividend is expected to grow at a constant rate of 6 percent. The required rate of return on the company's stock is 13 percent. What should be the company's current stock price? O $49.00 O $43.00 O $45.00 O $47.00 $46.00
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