Question $10$

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Based on the following information about GDN common stock,

Last dividend per share: $$6$

Dividend growth rate: $3\%$

Required rate of return: $15\%$

What is the expected price in $3$ years, $E(P_3)?$

Select one:

a$.$ $$65\mathrm{.}13$

b$.$ $$59\mathrm{.}66$

c$.$ $$56\mathrm{.}28$

d$.$ $$61\mathrm{.}21$