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Your firm is about to announce that it will pay its first dividend of $1.25 per share in three years. Afterward, the dividend will grow

Your firm is about to announce that it will pay its first dividend of $1.25 per share in three years. Afterward, the dividend will grow at 6.5%. If the market requires a 9.5% return for your stock, what should be your stock price after the announcement? A. $34.75 B. $31.74 C. $37.01 D. $41.67

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