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Santa Klaus Toys just paid a dividend of $1.60 per share. The required return is 8.9 percent and the perpetual dividend growth rate is 2.5

Santa Klaus Toys just paid a dividend of $1.60 per share. The required return is 8.9 percent and the perpetual dividend growth rate is 2.5 percent. What price should this stock sell for five years from today?

Multiple Choice

  • $28.99

  • $28.29

  • $29.72

  • $27.60

  • $25.00

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