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Business, 19.11.2019 03:31 andybiersack154

Hcc, inc., expects its dividends to grow at 25 percent per year for the next seven years before levelling off to a constant 3 percent growth rate. the required return is 11 percent. what is the current stock price if the annual dividend per share that was just paid was $1.05?
a. $43.21
b. $44.36
c. $38.93
d. $32.11
e. $39.96

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