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Take Test: AS 9 Ch 9 F20 2.5 points QUESTION 19 What would be the approximate expected price of a stock when dividends are expected

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Take Test: AS 9 Ch 9 F20 2.5 points QUESTION 19 What would be the approximate expected price of a stock when dividends are expected to grow at a 25% rate in each of years 2 and 3, and then grow at a constant rate of 5% if the stock's required return is 13% and next year's dividend will be $4.00? O $67.60 $62.08 O $68.64 $73.44 2.5 points Save An QUESTION 20

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