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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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