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1. What is the value of a stock that is expected to pay a constant dividend of $1.75 per year if the stock investors require

1. What is the value of a stock that is expected to pay a constant dividend of $1.75 per year if the stock investors require a 12% annual return? (Show work)

  1. $10.00
  2. $16.67
  3. $14.58
  4. $17.50

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