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Your firm just paid a dividend of $2.20 that you plan to raise by 35% per year for the next two years and then grow
Your firm just paid a dividend of $2.20 that you plan to raise by 35% per year for the next two years and then grow at a constant rate of 6%. If investors require a return of 12%, what should be the current price of your stock? A. $62.32 B. 577.77 C. $70.83 D. 560.18
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