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Upper Gullies Corp. just paid a dividend of $2.10 per share. The dividends are expected to grow at 21% for the next eight years and

Upper Gullies Corp. just paid a dividend of $2.10 per share. The dividends are expected to grow at 21% for the next eight years and then level off to a 7% growth rate indefinitely. If the required return is 14%, what is the price of the stock today?

a. $73.88

b. $74.91

c. $77.88

d. $75.92

e. $72.36

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