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XYZ Corporation, a mature company, has a required return of 1 5 % per year on its stock. Stock analysts are forecasting that this stock

XYZ Corporation, a mature company, has a required return of 15% per year on its stock. Stock analysts are forecasting that this stock will pay a dividend of $3.00 per share exactly one year from today. The dividend growth rate is expected to be 7% per year after that. What should be the current per share value of this stock using the Dividend Discount Model?
$90.90
$107.00
$100.00
$37.50
$42.86

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