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A firm recently paid a dividend of $1.75 per share. The dividend is...

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Accounting

A firm recently paid a dividend of $1.75 per share. The
dividend is expected to grow by 13% for the next 2 years. The
dividend is expected to grow by a more modest 3.50%
thereafter. What is the firm's stock value per share given a
6.95% discount rate?
$58.61
$62.41
$21.47
$70.84
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