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The time line below shows a nonconstant-growth dividend stock. For two years, the dividends are supposed to grow at a nonconstant rate; after that, they
The time line below shows a nonconstant-growth dividend stock. For two years, the dividends are supposed to grow at a nonconstant rate; after that, they are expected to grow at a constant rate of 6% forever. The required rate of return is 10%. Time (Year) 0 1 2 3 Dividends $3.5 $6.00 $6.36 Key Variables P0 D1 D2 D3 Group of answer choices
$130.65
$139.55
$115.91
$155.15
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