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XYZ is expected to grow at a rate of 30% for the next five years. After that, competition is expected to lower XYZ's growth to

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XYZ is expected to grow at a rate of 30% for the next five years. After that, competition is expected to lower XYZ's growth to a constant 7% indefinitely. The market risk premium is 6%, and the risk-free rate is 5%. XYZ's beta is 1.2, and the company just paid a dividend of $2.50. The current stock value of XYZ is closest to: Select one: a. $127 b. $154 c. $191 d. $223

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