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QUESTION 18 BC Inc will pay an annual dividend of $.65 one year from now. Analysts expect this dividend to grow at 12% per year

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QUESTION 18 BC Inc will pay an annual dividend of $.65 one year from now. Analysts expect this dividend to grow at 12% per year until the fifth year. After that, growth will level off at 2% per year. What is the value of the stock today if the cost of capital is 8% A. $39.44 OB. $25.87 C. $19.96 D.$18.34 E. $15.07

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