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O Connor Corporation will pay an annual dividend of $ 1 . 0 0 next year. The dividend will increase by 1 2 percent per

OConnor Corporation will pay an annual dividend of $1.00 next year. The dividend will increase by 12 percent per year for the following two years before growing at 4 percent indefinitely thereafter. If the required rate of return is 10 percent, what is the stock's current value?
Multiple Choice
$14.05
$19.11
$9.80
$10.38
$13.38

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