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MuffinsAndMore has just paid $2.56 in dividends this year. Its dividend is expected to grow by 5% annually for the next four years and by

MuffinsAndMore has just paid $2.56 in dividends this year. Its dividend is expected to grow by 5% annually for the next four years and by 4% after that. If the market interest rate is 7%, how much should the firm stock be worth today?

$63.1 $85.8 $82.5 $87.8

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