A company will pay a $1.9 per share dividend in one year. The dividend in...
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A company will pay a $1.9 per share dividend in one year. The dividend in 2 years will be $3.9 per share, and it is expected that dividends will grow at 3.2% per year thereafter. The expected rate of return on the stock is 20.2%. What must be its price?
23.77
14.6
20.67
16.42
26.07
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