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Question 19 (4 points) Growing, Inc. is a firm that is experiencing rapid growth. The firm yesterday paid a dividend of $8.50. You believe that

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Question 19 (4 points) Growing, Inc. is a firm that is experiencing rapid growth. The firm yesterday paid a dividend of $8.50. You believe that dividends will grow at a rate of 15.0% per year for three years, and then at a rate of 9.0% per year thereafter. You expect that the stock will sell for $459.49 in three years. You expect an annual rate of return of 13.0% on this investment. If you plan to hold the stock indefinitely, what is the most you would pay for the stock now? $242.47 $270.56 $344.86 $204.76 $292.89

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