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Money Multipliers Inc. just paid a dividend of $2.55. Analysts expect the company's dividend to grow by 25% in Year 1, by 15% in Year

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Money Multipliers Inc. just paid a dividend of $2.55. Analysts expect the company's dividend to grow by 25% in Year 1, by 15% in Year 2, and at a constant rate of 5% in Year 3 and thereafter. The required return on this low-risk stock is 8.75%. What is the best estimate of the stock's current market value? Note: Do not round intermediate calculations. Is = 8.75% Year 0 1 N 2 3 Growth rates: 25% 15% 5% O $102.64 O $86.79 $92.82 O $95.37 O $89.89

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