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Roger Rabbit Inc. plans to retain and reinvest all of its earnings for the next ten years. Beginning in yea 11, the firm will begin
Roger Rabbit Inc. plans to retain and reinvest all of its earnings for the next ten years. Beginning in yea 11, the firm will begin to pay a $22 per share dividend, which will increase 3 percent annually thereafter. What should the stock sell for today if the required return is 12 percent? $14.94 $78.70 $112.15 $244.44 None of the above is correct
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