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The answer is 86.24 but I don't know how to solve for that. Given the information in the table, what is the price of the

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The answer is 86.24 but I don't know how to solve for that.

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Given the information in the table, what is the price of the stock in YEAR 1? Today's Dividend 3.60 Discount Rate 8.38% Growth rate in dividends 0 to 1 9.82% Growth rate in dividends 1 to 2 6.23% Growth rate in dividends 2 to 3 6.91% Growth rate in dividends 3 onward 3.35%

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