Question: Question: Please proper explain and do not copy from Chegg. Otherwise i have to report the answer. (Please step by step calculation.) The Ramirez Company's

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Question: Please proper explain and do not copy from Chegg. Otherwise i Please proper explain and do not copy from Chegg. Otherwise i have to report the answer. (Please step by step calculation.)

The Ramirez Company's last dividend was $1.75. Its dividend growth rate is expected to be constant at 50% for 2 years, after which dividends are expected to grow at a rate of 6% forever. Its required return (rs) is 12%. What is the best estimate of the current stock price? a. $47.53 b. $62.16 c. $60.94 d. 154.23 Oe. $61.55

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