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The Three Amigos just paid an annual dividend of $.60 per share but plans to double that amount each year for three years. After that,

The Three Amigos just paid an annual dividend of $.60 per share but plans to double that amount each year for three years. After that, the firm expects to maintain a constant dividend. What is the value of this stock today if the required return is 15 percent?

$27.64

$29.61

$26.67

$23.05

$27.05

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