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Suppose MBI Co. recently paid $1.19 annual dividend. The company is projecting that its dividends will grow by 17% next year, 14% in the second,

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Suppose MBI Co. recently paid $1.19 annual dividend. The company is projecting that its dividends will grow by 17% next year, 14% in the second, 6% in the third year, and at 5% annually forever thereafter. What is the value of the stock to the nearest cent)if the required return is 137

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