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24. GMX Corporations stock is selling for $40 in the market. The companys beta is 0.8, the market risk premium is 6%, and the risk-free

24. GMX Corporations stock is selling for $40 in the market. The companys beta is 0.8, the market risk premium is 6%, and the risk-free rate is 9%. The previous dividend was $2 (D0 = $2) and dividends are expected to grow at a constant rate. What is the stocks growth rate?

A. 5.52%

B. 5.00%

C. 13.80%

D. 8.80%

E. 8.38%

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