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13) What should be the price for a common stock paying $3.50 annually in dividends if the growth rate is zero13) and the discount rate

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13) What should be the price for a common stock paying $3.50 annually in dividends if the growth rate is zero13) and the discount rate is 8%? A) $43.75 B) $22.86 C $42.00 D) $28.00

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