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(3 of 10) A stock just paid a dividend of $1.00. Dividends are expected to grow at an annual rate of 5%. What is the

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(3 of 10) A stock just paid a dividend of $1.00. Dividends are expected to grow at an annual rate of 5%. What is the price of the stock if the required rate of return is 12%? $17.50 $15.00 $13.13 $11.67 $10.50

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