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The Smart Start Corporation recently paid a dividend of $3.00 per share. Management expect the dividends to grow at a constant rate of 10% per
The Smart Start Corporation recently paid a dividend of $3.00 per share. Management expect the dividends to grow at a constant rate of 10% per year. If the required rate of return on the company's stock is 14%, how much would the stock be worth at the end of three years from today?
a.$82.50
b.$21.42
c.$109.81
d.$99.82
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