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If 1) the expected return for Belmont Bagels stock is 9.42 percent; 2) the dividend...

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Finance

  1. If 1) the expected return for Belmont Bagels stock is 9.42 percent; 2) the dividend is expected to be $0.00 in one year, $4.34 in two years, $0.00 in three years, $6.64 in four years, and $2.09 in five years; and 3) after the dividend is paid in five years, the dividend is expected to begin growing by 4.06 percent a year forever, then what is the current price of one share of the stock?

    An amount equal to or greater than $31.97 but less than $34.29

    An amount equal to or greater than $37.89 but less than $40.09

    An amount less than $31.97 or a rate greater than $40.09

    An amount equal to or greater than $36.12 but less than $37.89

    An amount equal to or greater than $34.29 but less than $36.12

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