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QUESTION 17 Doc Brown, Inc. just paid a dividend of Do - $1.21. Analysts expect the company's dividend to grow by 24% this year, by

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QUESTION 17 Doc Brown, Inc. just paid a dividend of Do - $1.21. Analysts expect the company's dividend to grow by 24% this year, by 20% in Year 2, and at a constant rate of 7.2% in Year 3 and thereafter. The required return on this low-risk stock is 9.00% What is the best estimate of the stock's current market value? $110.52 $85.68 $12.09 $73.92 $93.14 QUESTION 18 QUESTION 17 Doc Brown, Inc. just paid a dividend of Do = $1.21. Ana constant rate of 7.2% in Year 3 and thereafter. The requ market value? $110.52 $85.68 $12.09 $73.92 $93.14

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