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WIE is a public company expected to pay a $2.00 dividend next year, and investors expect...

WIE is a public company expected to pay a $2.00 dividend next year, and investors expect that dividend to grow by 6% each year forever. If the required return on the share investment is 12%, what should be the price of a share in five years?

Select one:

a. $42.28

b. $18.32

c. $44.52

d. $17.44

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