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What comes closest to the price of stock per share if it increases its dividend at the rate of 10% a year for the first
What comes closest to the price of stock per share if it increases its dividend at the rate of 10% a year for the first 2 consecutive years, but after that at the lower rate of 3% a year thereafter forever. The dividend just paid is $3 and the required rate of return is 12%.
$42
$39
$35
$39
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