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Troy is interested in buying a particular stock whose current dividend is $ 1 . 3 5 , and whose dividend is expected to increase

Troy is interested in buying a particular stock whose current dividend is $1.35, and whose dividend is expected to increase at a rate of 5% per year for two years, and then at 2.5% per year thereafter forever. Which of the following comes closest to an estimate of the price per share of the stock if the required rate of return is 13.40%.
$40.50
$15.34
$16.88
$17.03
$13.29
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