What is the value ofthe stock if the required rate of return

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Reference no: EM13804368

A stock just paid an annual dividend of $2. The dividends are expected to grow at 20%per year over each of the next three years and 5% per year thereafter. What is the value ofthe stock if the required rate of return is 12%?

A) $34.29

B) $58.74

C) $43.80

D) $39.84

E) $36.49

Reference no: EM13804368

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