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What is the value of a stock that will pay a dividend in Yr 1 of $5.50 per share and then increase dividends 3% per

What is the value of a stock that will pay a dividend in Yr 1 of $5.50 per share and then increase dividends 3% per year, assuming a discount rate of 9% ?

A. $58.33

B. $33.58

C. $91.66

D. $93.75

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