What is the stocks current value

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Reference no: EM131014802

The Felix Corp. will pay an annual dividend of $1.00 next year. The dividend will increase by 12 percent a year for the following two years before growing at 4 percent indefinitely thereafter. If the required rate of return is 10 percent, what is the stock’s current value?

Select one:

a. $13.38

b. $14.05

c. $19.11

d. $9.80

e. $10.38

Reference no: EM131014802

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