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The Pet Tracker Company announced that their dividend next year ( D 1 ) will be $18 per share. Investors require a 25-percent return on

The Pet Tracker Company announced that their dividend next year (D1) will be $18 per share. Investors require a 25-percent return on companies such as the Pet Tracker. The firm's dividends are expected to increase by five percent every year. Based on the dividend growth model, what's the value of the stock today?

A. $95

B. $90

C. $45

D. $72

I choose b

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