Question: klow's expected dividend next year is $.85, and dividends are expected to grow at 4% forever. If the discount rte is 7%, what is the

klow's expected dividend next year is $.85, and dividends are expected to grow at 4% forever. If the discount rte is 7%, what is the value of this promised dividend stream? ) $12.14 B) $21.25 C) $28.33 D) $30.35 E) $35.30

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