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You find a stock that just paid a dividend of $1.80 that is expected to grow at 20% per year for the next four years,
You find a stock that just paid a dividend of $1.80 that is expected to grow at 20% per year for the next four years, then at a constant rate of 6%. If you require a return of 9%, what is the most you would be willing to pay for the stock today? A. $131.88 B. $102.64 C. $91.43 D. $93.33
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