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What would be the approximate expected price of a stock when dividends are expected to grow at a 20% rate in each of years 2

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What would be the approximate expected price of a stock when dividends are expected to grow at a 20% rate in each of years 2 and 3, and then grow at a constant rate of 6% if the stock's required return is 15% and next year's dividend will be $2.40? Multiple Choice $38.65 $68.64 $33.30 $27.95

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