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What would be the approximate expected price of a stock when dividends are expected to grow at a 30% 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 30% rate in each of years 2, 3 and 4, and then grow at a constant rate of 8% if the stock's required return is 15% and next year's dividend will be $5.00 Multiple Choice $68.64 $118.00 $96.25 $125 38

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