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3. BMW Inc. will pay a dividend of $2.60 by the end of this year. The growth rate of the dividend has been 4% and

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3. BMW Inc. will pay a dividend of $2.60 by the end of this year. The growth rate of the dividend has been 4% and the expected return for holding the stock is 8%. What should the price of BMW stock be: $50 b. $65 c. $70 d. cannot determine from the information given

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