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Question 1 1 pts Pinder Co is expected to pay dividends of $3 one year from today. Pinder Co's dividends are expected to increase by

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Question 1 1 pts Pinder Co is expected to pay dividends of $3 one year from today. Pinder Co's dividends are expected to increase by $1 every year for the following 3 years. Afterward, Pinder Co's dividends are expected to grow by 1% in perpetuity. If the annual discount rate is 10%, what should be Pinder Co's share price according to the dividend discount model? (Round to the nearest two digits) $52.70 O $60.93 O $55.90 $59.88 None of the other answers are correct

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