Given the following information, calculate the current value of Builtrite's common stock: current dividend is...
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Finance
Given the following information, calculate the current value of Builtrite's common stock: current dividend is $5.00, projected super normal growth for three years at 15%, growth rate after year 3 should remain constant at 7% and you want to earn a 11% annual return. What should you pay for the stock?
A. $139.25
B. $158.23
C. $164.82
D. $147.66
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