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Its dividend growth rate is expected to be constant at 1800

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The Upton Company's last dividend was $1.75. Its dividend growth rate is expected to be constant at 18.00% for 2 years, after which dividends are expected to grow at a rate of 6.00% forever. Upton's required return(rs) is 12.00%. What is Upton's current stock price?

i) $37.15
ii) $38.10
iii) $39.06
iv) $40.03
v) $41.03

Reference no: EM13572919

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