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Wharton Manufacturing Just paid its annual dividend in the amount of $1.05. The company will increase its dividends by 25 percent per year for the

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Wharton Manufacturing Just paid its annual dividend in the amount of $1.05. The company will increase its dividends by 25 percent per year for the next 7 years, after that the company will keep a constant growth rate of 3 percent per year, forever. If the required return is 11 percent what is the current stock price of Wharton Manufacturing? a. $40.93 b. 546.83 O c. $36.71 d. $38.87 e. $43.20

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