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15. If next year's dividend is forecast to be $4.50, the constant-growth rate is 4%, and the discount rate is 16%, then the current stock
15. If next year's dividend is forecast to be $4.50, the constant-growth rate is 4%, and the discount rate is 16%, then the current stock price should be:
A. $28.13 B. $39.13 C. $36.00 D. $37.50
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