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Stag Corp. will pay dividends of $4.75, $5.25, $5.75, and $7 for the next four years. Thereafter, the company expects dividends to grow at a
Stag Corp. will pay dividends of $4.75, $5.25, $5.75, and $7 for the next four years. Thereafter, the company expects dividends to grow at a constant rate of 7%. If the required rate of return is 15%, what is the current market price of the companys stock? (Do not round intermediate calculations. Round final answer to two decimal places.)
A. 93.63
B. 69.41
C. 100.63
D. $80.29
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