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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

  • $72.08

  • $16.97

  • $74.92

  • $50.46

  • $66.84

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