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17 What is the price of a stock if the constant-growth rate in dividends is 3% and the next year's dividend is forecast at $2.00

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What is the price of a stock if the constant-growth rate in dividends is 3% and the next year's dividend is forecast at $2.00 and the appropriate discount rate is 13%? a. $10 b. $15 C. $20 d. $25

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