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The dividend of EQ Bank is expected to be $ 1 per share for the next 2 years, thereafter the dividend is expected to grow

The dividend of EQ Bank is expected to be $1 per share for the next 2 years, thereafter
the dividend is expected to grow at a constant rate of 4.60% each year forever. If the
required return on the stock is 6.60%, what is the current price of the stock? (no excel)
A) $45.82
B) $39.87
C) $47.84
D) $43.09
E) $50.00

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