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The Felix Corp. projects to pay a dividend of $.75 next year and then have it grow at 12% for the following 3 years before

The Felix Corp. projects to pay a dividend of $.75 next year and then have it grow at 12% for the following 3 years before growing at 8% indefinitely thereafter. The equity has a required return of 10% in the market. The price of the stock should be ____. A. $9.38 B. $17.05 C. $41.67 D. $59.80 E. $62.38

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