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The last dividend paid by Coppard Inc. was $1.25. The dividend growth rate is expected to be constant at 50% for 3 years, after which

The last dividend paid by Coppard Inc. was $1.25. The dividend growth rate is expected to be constant at 50% for 3 years, after which dividends are expected to grow at a rate of 6% forever. If the firm's required return (rs) is 11%, what is its current stock price?

Select the correct answer.

a. $85.48
b. $84.02
c. $84.75
d. $86.94
e. $86.21

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