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The growth in dividends of Torque, Inc. is expected to be 9 . 6 % per year for the next two years, followed by a

The growth in dividends of Torque, Inc. is expected to be 9.6% per year for the next two years, followed by a growth rate of 4.8% per year for two years. After this four-year period, the growth in dividends is expected to be 3.8% per year, indefinitely. The required rate of return on Torque, Inc. is 11%. Last year's dividends per share were $3.15. What should the stock sell for today? Choose the closest answer.O a. $51.28 b. $49.84 c. $46.79 d. $48.55

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