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What is the proper value of the company s stock, using the Dividend Discount Model, assuming a current share price of $ 5 8 and

What is the proper value of the companys stock, using the Dividend Discount Model, assuming a current share price of $58 and a $2 dividend paid today that is expected to grow at 1% each year? Assume a market growth rate of 4%.
a. $58.00
b. $67.33
c. $66.67
d. $200

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