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18. Coca-Cola Co. will pay a dividend of $4.80 this coming year (year 1). If you expect Cofa: Cola Co's dividend to grow by 3%

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18. Coca-Cola Co. will pay a dividend of $4.80 this coming year (year 1). If you expect Cofa: Cola Co's dividend to grow by 3% per year and their equity cost of capital is 8%, then what is the current price per share of Coca-Cola Co.? (a) $98.88 (b) $96.00 (c) $60.00 (d) $43.64

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