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Michigan Co. just paid a dividend of $2 per share. Analysts expect future dividends to grow at 20 percent per year for the next four

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Michigan Co. just paid a dividend of $2 per share. Analysts expect future dividends to grow at 20 percent per year for the next four years and then grow at 6 percent per year thereafter. What is the stock price in year 3 if your required return is 10 percent? A. $84.15 B. $56.78 C. $103.68 D. $201.14

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