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What is the estimated price of Once in a Blue Moon stock that has the following dividends? The return on similar investments is 18%. (Round

What is the estimated price of Once in a Blue Moon stock that has the following dividends? The return on similar investments is 18%. (Round the growth rate to the nearest whole percent.) YEAR

DIVIDENDS

2014

$2.50

2013

$2.48

2012

$2.36

2011

$2.32

a. $13 b. $22 c. $17 d. $50

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