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Rodgers Industries pays a current dividend of $5.50 and shareholders require a 14% return. The dividend will grow at a high rate of 20% and

Rodgers Industries pays a current dividend of $5.50 and shareholders require a 14% return. The dividend will grow at a high rate of 20% and then gradually decline to 4% over an eight-year period. The value of Rodgers Industries shares using the H Model is closest to:

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$127.60.

$92.40.

$90.20.

$79.20.

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