SQT, Inc. currently pays a $2 annual dividend. Investors believe that dividends will grow at...
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SQT, Inc. currently pays a $2 annual dividend. Investors believe that dividends will grow at 20% next year, 12% for the following year, and 6% annually thereafter. The required return is 10%. What is the current price of the stock?
A.
$69.34
B.
$63.27
C.
$60.80
D.
$54.90
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