Question: You own a stock with the features given below. What is the current price of the stock? Current dividend $6.30 Required rate of return 6%

You own a stock with the features given below. What is the current price of the stock? Current dividend $6.30 Required rate of return 6% Expected dividend growth rate for periods 0 to 3 equals 5% Expected dividend growth rate for periods 3 onward equals 1%

A) $127.26

B) $132.30

C) $142.24

D) $137.30

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