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XYZ Corp. expects to pay an annual dividend of $1.40 per share next year, $1.68 per share in the second year, and $1.75 in the
XYZ Corp. expects to pay an annual dividend of $1.40 per share next year, $1.68 per share in the second year, and $1.75 in the third year. After that, the company expects to increase the dividend by 3.4 percent annually, forever. The required rate of return in 13.7 percent. Calculate the stocks current value. Group of answer choices $15.15 $15.67 $16.08 $14.09 $18.18
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