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VIP Corporation has just paid a dividend of $1.50. Dividends are expected to grow at 20% for the first three years, 10% for the following

VIP Corporation has just paid a dividend of $1.50. Dividends are expected to grow at 20% for the first three

years, 10% for the following two years. What is the expected growth rate for the subsequent years if the stock is selling for $24.86 today and the required return is 17 percent?

A. 1.07%

B. 1.75%

C. 8.00%

D. 8.65%

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