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The price of a stock at Year 4 can be expressed as: a. D @t=1 (1 + R)^5. b. D @ t=4 / (R -

The price of a stock at Year 4 can be expressed as:

a. D @t=1 (1 + R)^5.

b. D @ t=4 / (R - g).

c. D @ t=5 / (R - g).

d. D @t=0 (1 + R)^5.

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