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The required return for Williamson Heating's stock is 1 2 % , and the stock will sell for GHS 4 0 per share in 4

The required return for Williamson Heating's stock is 12%, and the stock will sell for GHS 40 per share in 4 years. The firm just paid a dividend of GHS1.00, and the dividend is expected to grow by 30% per year for the next 4 years, so D4= GHS 1.00(1.30)4= GHS 2.8561. After t =4, the dividend is expected to grow at a constant rate of X% per year forever. What is the stock's expected constant growth rate after t =4, i.e., what is X?
A.14.7% B.17% C.11.2% D.4.9%

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