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What comes closest to the value today of a stock that just paid a dividend of $1.60 and expects to grow that dividend by 10.00%
What comes closest to the value today of a stock that just paid a dividend of $1.60 and expects to grow that dividend by 10.00% per year in year 1 and year 2, and then grow but will then see the growth in dividends fall to 2.00% in the third year and will continue to grow at that lower rate each year thereafter forever. Using a required rate of return of 5.25%, provide an estimate of the price of the stock. $55.53 $58.27 $50.22 $33.68 $49.23
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