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10. What comes closest to the value today of a stock that just paid a dividend of $1 and expects to grow that dividend by

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10. What comes closest to the value today of a stock that just paid a dividend of $1 and expects to grow that dividend by 2% per year forever if the required rate of return is 5%? A. $34.66 B. $34.00 C. $33.66 D. $33.33 E. $30.00

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