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Vandelay Industries just paid a dividend of $0.50 that they will grow by 50% per year for the next three years, then at a constant
Vandelay Industries just paid a dividend of $0.50 that they will grow by 50% per year for the next three years, then at a constant 8% per year. If you require an 11% return, what is the most you would be willing to pay for the stock today? Group of answer choices $47.74 $47.24 $60.75 $51.22
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