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Opco Inc. just paid a dividend of $2.50 per share. It expects to increase the dividend by 10% next year, 7% the following year and

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Opco Inc. just paid a dividend of $2.50 per share. It expects to increase the dividend by 10% next year, 7% the following year and then at a constant growth rate of 4.0%. The stock has a required return of 13.0%. What is the share price using the dividend discount model? $23.17 O $31.37 O $22.59 $32.18

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