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3. A share of common stock just paid a dividend of $1.00. If the expected long-run growth rate for this stock is 5.4%, and if

3. A share of common stock just paid a dividend of $1.00. If the expected long-run growth rate for this stock is 5.4%, and if investors' required rate of return is 11.4%, what is the stock price? a. $16.28 b. $16.70 c. $17.13 d. $17.57 e. $18.01

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