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Business, 03.12.2020 19:50 bobduncan1086

Burke tires just paid a dividend of $2.42. analysts expect the company's dividend to grow by 30% this year, 20% next year (year 2), 10% the following year (year 3), and then 5% in each subsequent year. if the required return to the stock is 8.3%, what is the best estimate of the stock's current market value (please enter the value to the penny)? a. $60.34.
b. $59.48.
c. $59.91.
d. $58.62.
e. $59.05.

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