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R&D Technology Corporation just paid a dividend of $5 per share. Analysts expect its dividend to grow at 21 percent per year for the next

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R&D Technology Corporation just paid a dividend of $5 per share. Analysts expect its dividend to grow at 21 percent per year for the next two years and then 8 percent per year thereafter. If the required rate of return in the stock is 16 percent, calculate the current value of the stock. 84.10 O 98.98 O 10.58 0 73.52

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