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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

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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 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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