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Unanswered Question 16 0/3 pts Herbovore's Vegetarian Delites Corporation (HVD) plans to pay a dividend of $2.39. Dividends will grow at a rate of 7.00%

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Unanswered Question 16 0/3 pts Herbovore's Vegetarian Delites Corporation (HVD) plans to pay a dividend of $2.39. Dividends will grow at a rate of 7.00% for 5 years then return to the normal growth rate of 5.00% for the foreseeable future. If the required rate of return is 12.00%, what is the current price (Pol of a share of HVD common stock? $9.76 $36.42 $38.29 $40.29

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