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Nachman Industries just paid a dividend of D0=$3.00. Analysts expect the company's dividend to grow by 30% this year, by 10% in Year 2, and

image text in transcribed Nachman Industries just paid a dividend of D0=$3.00. Analysts expect the company's dividend to grow by 30% this year, by 10% in Year 2, and at a constant rate of 2% in Year 3 and thereafter. The required return on this low-risk stock is 7.00%. What is the best estimate of the stock's current market value? Do not round intermediate calculations. a. $83.83 b. $86.83 c. $78.83 d. $82.33 e. $198.49

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