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Suppose Company B is currently paying a cash dividend of $3 per share. Investors require a 14% return. If the dividend is expected to grow

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Suppose Company B is currently paying a cash dividend of $3 per share. Investors require a 14% return. If the dividend is expected to grow at a steady rate of 9% per year. What is the predicted stock price of this company 7 years from now? 1) $120.55 2) $122.55 3) $118.55 4) $121.55 5) $119.55

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