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UQBusiness pays a current annual dividend of $2.00 and is currently...

UQBusiness pays a current annual dividend of $2.00 and is currently growing at a rate of 20%. The rate is expected to decline linearly to 10% over four years and remain at that level indefinitely. The required rate of return for an investment in UQBusiness is 18%. The current estimated value of UQBusiness is closest to:


A.$32.50

B.$26.78

C.$10.20

D.$49.27

E.$24.22

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