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Emmy Lou, Inc. has an expected dividend next year (D1) of $5.60 per share, a...

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Emmy Lou, Inc. has an expected dividend next year (D1) of $5.60 per share, a growth rate of dividends of 10 percent, and a required return of 20 percent. The value of a share of Emmy Lou, Inc.'s common stock is 1) $28.00 2) $56.00 3) $22.40 4) $18.67

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