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Today your company paid a dividend (D0) of $3 per share. The growth rate of the dividend is expected to be 15% for the next

Today your company paid a dividend (D0) of $3 per share. The growth rate of the
dividend is expected to be 15% for the next two years, and then 6% thereafter. The cost
of capital is 10%. For each question, choose the closest answer. What is your estimate of your firms stock price two years from now (P2)?
a) $96.20
b) $79.50
c) $105.10
d) $86.90
e) $93.30

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