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Superior Industries just paid a dividend of $1.30. Analysts expect the company's dividend to grow by 15 percent for 3 years and then the rate

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Superior Industries just paid a dividend of $1.30. Analysts expect the company's dividend to grow by 15 percent for 3 years and then the rate of growth changes to 5 percent per year from Year 4 onwards. The required rate of return is 8 percent. What is the price of this stock? Select one: a. $68.50 b. $60.40 c. $59.30 d. $57.70 e. $55.30

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