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Suppose you're analyzing a company that is going to pay a constant annual dividend of $2 for the next 3 years, then the dividend will
Suppose you're analyzing a company that is going to pay a constant annual dividend of $2 for the next 3 years, then the dividend will grow at a constant rate of 3% per year forever. If the required rate of return on this investment is 5%, what's should be the stock price?
$92.5
$94.5
$95.5
$93.5
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