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YourChoice plans to pay dividends of $.5 per share for the next 5 years. After that, it expects to increase dividends by 4% indefinitely. An

YourChoice plans to pay dividends of $.5 per share for the next 5 years. After that, it expects to increase dividends by 4% indefinitely. An appropriate required return for the stock is 10%. Using the multistage DDM, the stock should be worth __________ today.

$9.83

$7.28

$8.67

$6.41

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