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MTN Co.s stock price is $25, and it recently paid a $1.5 dividend. This dividend is expected to grow by 10% for the next 4

MTN Co.s stock price is $25, and it recently paid a $1.5 dividend. This dividend is expected to grow by 10% for the next 4 years, then grow forever at a constant rate, g; and rs = 11%.

15. At what constant rate is the stock expected to grow after Year 4? *

A) -2.13%

B) 11%

C) 2%

D) None of the above

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