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Phoenix produces dividends in four consecutive years of 0.93, 15.01, 46.76, and 51.33, respectively. The dividend in year five is estimated to be 54.18 and

Phoenix produces dividends in four consecutive years of 0.93, 15.01, 46.76, and 51.33, respectively. The dividend in year five is estimated to be 54.18 and should grow in perpetuity at 1%. Given a discount rate of 25%, what is the price of the stock?
A. 417.1
B. 898.0
C. 147.8
D. 907.5

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