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The last dividend paid by Coppard Inc. was $1.25. The dividend growth rate is expected to be constant at 40% 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 40% 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. $71.93
b. $70.25
c. $71.09
d. $69.41
e. $68.57

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