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The Ramirez Companys last dividend was $1.75. Its dividend growth rate is expected to be constant at 15% for 2 years, after which dividends are expected to grow at a rate of 6% forever. Its required return (r) is 12%. What is the best estimate of the current stock price? a. $38.77 b. $42.76 c. $36.60 d. $39.14 e. $36.24

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