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Question 15 1.56 pts CD Company will pay the dividend of $4.12 one year from now, $5.42 two years from now, and $6.15 three years
Question 15 1.56 pts CD Company will pay the dividend of $4.12 one year from now, $5.42 two years from now, and $6.15 three years from now, $6.42 four years from now, and $6.55 five years from now. Afterwards, the dividend will grow by 5.1% each year. If the required rate of return for CD Company's industry is 12.2%, what is the present value of CD Company's stock under the Dividend Discount Model? O $74.59 O $76.11 $73.02 $78.94
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