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XYZ common stock is expected to have have dividends in year 1 of $1/share, year 2 of $1/share, year 3 of $2/share, year 4 of
XYZ common stock is expected to have have dividends in year 1 of $1/share, year 2 of $1/share, year 3 of $2/share, year 4 of $3/share, and in year 5 of $3/share. If the expected price of XYZ stock in year 5 is $15/share and the discount rate is 9% , what should be the current share price?
$10.99
$11.80
$16.42
$17.13
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