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Your company will pay a dividend of $1.80 next year and then have it grow annually at 10.50% for the following 3 years before growing
Your company will pay a dividend of $1.80 next year and then have it grow annually at 10.50% for the following 3 years before growing at 2% indefinitely thereafter. The equity has a required return of 6.75%. What is the price of the stock today?
Question options:
| $47.27 |
| $48.45 |
| $49.63 |
| $50.81 |
| $52.00 |
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