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Times Inc. will pay its first annual dividend of $5.40 per share 5 years from today. After that, the company expects its dividends to grow

Times Inc. will pay its first annual dividend of $5.40 per share 5 years from today. After that, the company expects its dividends to grow at 3.7 percent annually. Times Inc.'s required return is 12.3 percent. Determine the company's stock price today. Multiple Choice $46.06 $54.30 $39.48 $35.16 $62.79

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