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Question $1$

Green Valley Automotive has been regularly increasing dividends over the years by $6\%$ per year and oxpects to be able to continue that patiern. The expected dividend at the end of this year will be $$1\mathrm{.}62$ and your required rate of retum on the stock is $11.$ Given this information, what is your estimate of value for Green Valley?

$27\mathrm{.}00$

$32\mathrm{.}40$

$40\mathrm{.}50$

$54$