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You are considering buying common stock in Grow On , Inc. You have projected that the next dividend the company will pay will equal $

You are considering buying common stock in Grow On, Inc. You have projected that the next dividend the company will pay will equal $4.50 and that dividends will grow at a rate of 10.0% per year thereafter. The firm's beta is 1.64, the risk-free rate is 6.8%, and the market return is 12.1%. What is the most you should pay for the stock now?
Question 6 options:
$31.96
$90.16
$29.05
$81.97
$89.55

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