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Orwell building supplies' last dividend was $1.75. Its dividend growth rate is expected to be...

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Finance

Orwell building supplies' last dividend was $1.75. Its dividend growth rate is expected to be constant at 13.00% for 2 years, after which dividends are expected to grow at a rate of 6% forever. Its required return (rs) is 12%. What is the best estimate of the current stock price? Select the correct answer. a. $35.94 b. $36.40 c. $34.56 d. $35.02 e. $35.48

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