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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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