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Salvation Corp just paid a dividend of Do-$2.00. Analysts expect the company's dividend to grow by 30% this year, by 15% in Year 2, and

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Salvation Corp just paid a dividend of Do-$2.00. Analysts expect the company's dividend to grow by 30% this year, by 15% in Year 2, and at a constant rate of 5% in Year 3 and thereafter. The required return on this stock is 8.00% What is the best estimate of the stock's current stock price? Do not round intermediate calculations. $88.36 $90.54 $94.69 $84.57 Page 2 of 14 Previous Page Next Page

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