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MC Qu. 66 A stock is expected to pay dividends of $1.20... A stock is expected to pay dividends of $1.20 per share in Year

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MC Qu. 66 A stock is expected to pay dividends of $1.20... A stock is expected to pay dividends of $1.20 per share in Year 1 and $1.35 per share in Year 2. After that, the dividend is expected to increase by 2.5% annually. What is the current value of the stock at a discount rate of 14.5%? O $1129 $10.87 $12.07 $13.39

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