Question: Question 5 Given the following information, calculate the current value of Builtrite's common stock: current dividend is $3.00, projected super normal growth for three years

Question 5

Given the following information, calculate the current value of Builtrite's common stock: current dividend is $3.00, projected super normal growth for three years at 13%, growth rate after year 3 should remain constant at 6% and you want to earn a 9% annual return. What should you pay for the stock?

Group of answer choices

$160.83

$149.36

$138.54

$127.79

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