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Suppose Microsoft Co . will pay a dividend of $ 1 . 9 per share one year from now ( year 1 ) , and

Suppose Microsoft Co. will pay a dividend of $1.9 per share one year from now (year 1), and $3.8 per share two years from now (year 2). After then (in other words, after the second year) dividends will grow at 3% per year forever. If the firm's equity cost of capital is 5% what is their current price per share?
$182.76
$5.26
$174.31
$195.70
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