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What is the value of a stock that will pay a dividend in Yr 1 of $ 4 . 5 0 per share and then

What is the value of a stock that will pay a dividend in Yr 1 of $4.50 per share and then increase dividends 3.50% per year, assuming a discount rate of 8%?
a. $58.33
b. $33.58
c. $123.99
d. $100

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