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Phantom plans to pay annual dividends of $0.45, $0.60, and $0.75 a share in next three years, respectively. Afterwards, dividends are projected to increase by

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Phantom plans to pay annual dividends of $0.45, $0.60, and $0.75 a share in next three years, respectively. Afterwards, dividends are projected to increase by 1.5 percent per year. What is the market price of the stock today at a required return of 12.5 percent? A. $5.98 B. $6.26 C. $6.04 OD. $5.68 E. $6.66

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