The last dividend paid by Coppard Inc. was $1.25. The dividend growth rate is expected...
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The last dividend paid by Coppard Inc. was $1.25. The dividend growth rate is expected to be constant at 20% for 3 years, after which dividends are expected to grow at a rate of 6% forever. If the firm's required return (rs) is 11%, what is its current stock price? Select the correct answer.
a. $43.20
b. $44.70
c. $43.95
d. $45.45
e. $46.20
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