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Village East expects to pay an annual dividend of $2.38 per share next year and $3.14 per share for the following two years. After that,

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Village East expects to pay an annual dividend of $2.38 per share next year and $3.14 per share for the following two years. After that, the company plans to increase the dividend by 7.7 percent annually What is this stock's current value at a discount rate of 14 percent? A. $49.46 B. $42.86 C. $55.06 D. $47.77 E. $52.64

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