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QUESTION 7 KK Company is expected to pay a dividend in year 1 of $1.30,...

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QUESTION 7 KK Company is expected to pay a dividend in year 1 of $1.30, a dividend in year 2 of $1.50, and a dividend in year 3 of $2.00. After year 3, dividends are expected to grow at the rate of 10% per year. An appropriate required return for the stock is 15%. The value of the KK stock today is closest to OA $55.00 B. $32.51 C. $40.76 D. $37.12

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