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Use the information to answer the following questions. The last dividend paid by Klein Company was $2.00. Klein's growth rate is expected to be a
Use the information to answer the following questions. The last dividend paid by Klein Company was $2.00. Klein's growth rate is expected to be a constant 4% for 2 years, after which dividends are expected to grow at a rate of 12% forever. Klein's required rate of return on equity is 15%. What should be the current price of Klein's common stock? Select one: a. $50.16 b. $64.51 c. $72.25 d. $33.33 e. $25.10
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