Instructions Do not do any interim rounding For numeric answers, state values to 2 decimal places (24 50 for dollar values or 2 50 for years, etc), and percentages as percentages to 2 decimal places (9 25 not 0925) Do not include labels such as $, , or words For multiple choice questions, choose the best answer Terahertz Tech (TT) expects dividends to grow by 9 75 for the next two years, then for growth to stabilize at 3 75 for the long term, Their most recent annual dividends were $4 05 You estimate the discount rate for TT to be 10 40 Using this information, you determine the company's price should be A $70 47 B $84 14 C $64 59

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Question: Instructions Do not do any interim rounding. For numeric answers, state values to 2 decimal places (24.50 for dollar values or 2.50 for years, etc),

Instructions	Do not do any interim rounding. For numeric answers, state values to 2 decimal places (24.50 for dollar values or 2.50 for years, etc), and percentages as percentages to 2 decimal places (9.25 not .0925). Do not include labels such as $, %, or words. For multiple-choice questions, choose the best answer.

Terahertz Tech (TT) expects dividends to grow by 9.75% for the next two years, then for growth to stabilize at 3.75% for the long-term, Their most recent annual dividends were $4.05. You estimate the discount rate for TT to be 10.40%. Using this information, you determine the company's price should be:

	A.	$70.47.
	B.	$84.14.
	C.	$64.59.

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