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You are considering investing in a rapidly growning firm. Yesterday, it paid a $ 1 . 7 5 dividend, and you expect its dividends to

You are considering investing in a rapidly growning firm. Yesterday, it paid a $1.75 dividend, and you expect its dividends to grow at 6% for the next five years. Beyond that, you estimate dividends will grow at a constant 1.5% per year, and your required return is 9.75%. What is the most you would be willing to pay for the stock? (Do not round intermediated calculations.)
Question 1 options:
$25.99
$23.39
$24.43
$26.51
$24.95

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