Question: The expected dividend next year is $2.35, and dividends are expected to grow at 3.5% forever. If the discount rate is 9.8%, what is the

The expected dividend next year is $2.35, and dividends are expected to grow at 3.5% forever. If the discount rate is 9.8%, what is the value of this promised dividend stream? Select one: a. 37.30

b. 17.70

c. 39.35

d. 30.37

e. 27.30

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