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Roller Inc. has just paid an annual dividend of $0.82. Analysts expect dividends to grow by 6% per year for the next 5 years, and

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Roller Inc. has just paid an annual dividend of $0.82. Analysts expect dividends to grow by 6% per year for the next 5 years, and then by 2% per year thereafter. The company has a required return of 12%. What should be the approximate current stock price? a) $10 b) $11 c) $12 d) $13 e) $14 1) Other Specify

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