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You are given the following for a company: Current annual dividend per share (D1)(D1) $10 Effective annual interest rate (i)(i) 15% Expected long-term annual dividend

You are given the following for a company:

Current annual dividend per share (D1)(D1) $10
Effective annual interest rate (i)(i) 15%
Expected long-term annual dividend growth rate (k)(k) 5%

What is the value of a share today?

Possible Answers

A

< $50

B

$50 but < $100

C

$100 but < $150

D

$150 but < $200

E

$200

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