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Mariota Corporation just paid a dividend of $3.55 per share on its stock. The dividend growth rate is expected to be 3.95 forever and investors
Mariota Corporation just paid a dividend of $3.55 per share on its stock. The dividend growth rate is expected to be 3.95 forever and investors require a return of 12.1 percent on this stock. What will the stock price be in 13 years?
Multiple Choice
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$72.08
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$16.97
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$74.92
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$50.46
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$66.84
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