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7. The Harvey Company is experiencing rapid growth. The company expects to grow 25% per year for the next 4 years before leveling off to

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7. The Harvey Company is experiencing rapid growth. The company expects to grow 25% per year for the next 4 years before leveling off to 7% into perpetuity. The required return on the stock is 12%. What is the current stock price if the annual dividend that was just paid was $1.05 per share? Less than $37 Between $37 and $38 Between $38 and $39 Between $39 and $40 Between $40 and $41 Greater than $41

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