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Nachman Industries just paid a dividend of D0=$4.25. Analysts expect the company's dividend to grow by 30% this year, by 10% in Year 2, and

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Nachman Industries just paid a dividend of D0=$4.25. 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 8.00%. What is the best estimate of the stock's current market value? Do not round intermediate calculations. a. $103.15 b. $276.06 C. $98.90 d. $97.17 e. $92.34

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