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problemL: The Ehrhardt Company's last dividend was 2 dollar. The dividend growth rate is expected to be constant at 3% for two years, after which dividends are expected to rise at a rate of 8 percent forever. Erhardt's required return (rs) is 12%. find out Erhardt's current stock price?

[A] $53.80

[B] $55.10

[C] $57.30

[D] $49.20

[E] $51.40

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