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The Ramirez Company's last dividend was $1.75. Its dividend growth rate is expected to be constant at 22% for 2 years, after which dividends are

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The Ramirez Company's last dividend was $1.75. Its dividend growth rate is expected to be constant at 22% for 2 years, after which dividends are expected to grow at a rate of 6% forever. Its required return (rs) is 10%. What is the best estimate of the current stock price P0 ? Do not round intermediate calculations. Select one: a. $61.14 b. $62.43 c. $60.25 d. $59.26

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