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1 pol QUESTION 29 The last dividend on Rainbow's common stock was $4.00, and the expected constant growth rate is 10 percent. If you require

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1 pol QUESTION 29 The last dividend on Rainbow's common stock was $4.00, and the expected constant growth rate is 10 percent. If you require a rate of return of 20 percent, what is the highest price you should be willing to pay for this stock? O $44.00 O $38.50 $40.00 $45.69 $50.00

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