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Scriabin Inc. is expected to pay the following dividends over the next two years: $3 and $2. After that, the company pledges to maintain a

Scriabin Inc. is expected to pay the following dividends over the next two years: $3 and $2. After that, the company pledges to maintain a constant 5% growth rate in dividends, forever. What is the price of this stock today if the required return on the stock is 13%?

$22.41

$16.33

$24.78

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