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Question 5 Phoenix produces dividends in four consecutive years of 0.71, 19.33, 44.06, and 50.54, respectively. The dividend in year five is estimated to be

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Question 5 Phoenix produces dividends in four consecutive years of 0.71, 19.33, 44.06, and 50.54, respectively. The dividend in year five is estimated to be 54.15 and should grow in perpetuity at 13%. Given a discount rate of 21%, what is the price of the stock? 378.0 932.7 851.3 268.0

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