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Question 35 (1 point) Black Tech Company is expected to pay $3.625 dividend per share next year. White Tech's dividend is expected to increase by

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Question 35 (1 point) Black Tech Company is expected to pay $3.625 dividend per share next year. White Tech's dividend is expected to increase by 5% every year. Assume investors require an 11% return on companies such as White Tech Company. Based on the dividend growth model, what is the value of Tech's stock today? $63.44 $43.75 $45.94 None of the answers is correct $60.42

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