Assume WXYZ Corp.s dividend payment will be $3.63 one year from now, $5.50 two years...
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Assume WXYZ Corp.s dividend payment will be $3.63 one year from now, $5.50 two years from now, and $5.92 three years from now. Further assume that after these three years, the dividend will grow by 5.6% each year. If the required rate of return for the industry WXYZ Corp. belongs to is 12.3%, what is the market value of WXYZ Corp.s stock under the Dividend Discount Model?
Group of answer choices
$66.85
$72.03
$77.65
$93.31
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