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The Radio Company's last dividend was $1.75 (Do = $1.75). Its dividend growth rate is expected to be constant at 25% per year for 2

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The Radio Company's last dividend was $1.75 (Do = $1.75). Its dividend growth rate is expected to be constant at 25% per year for 2 years, after which dividends are expected to grow at a rate of 6% forever. Its required return (rs) is 12%. What is the current value of the stock per share if the stock sells for its intrinsic price? (Select the answer that is closest to your calculated answer) $43.71 $42.64 O $44.80 O $41.58 O $45.92

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