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XYZ stock is expected to experience accelerated growth in dividends at a 25% rate in each of years 2 and 3, and then grow at

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XYZ stock is expected to experience accelerated growth in dividends at a 25% rate in each of years 2 and 3, and then grow at a constant rate of 5%. How much should you pay for the stock if your required return is 13% and next year's dividend will be $4.00? Multiple Choice $62.08 $68.64 O $73.44 $67.60

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