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The Highfield Company's dividend is growing at a rate of 3.75% every year. It just paid a $3.75 dividend to each share of stocks. The
The Highfield Company's dividend is growing at a rate of 3.75% every year.
It just paid a $3.75 dividend to each share of stocks.
The market required return is 12.5%.
Please calculate Highfield Company's stock price in 10 years.
Multiple Choice
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$57.11
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$64.25
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$61.93
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$44.98
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$19.79
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